Advocate's practice
Querist :
Anonymous
(Querist) 09 June 2018
This query is : Resolved
Can A Lawyer be a director of a self company or doing industrial businesses in same time also ?
Ms.Usha Kapoor
(Expert) 09 June 2018
A lawyer can be a director of self company but he can't do industrial business at the same time also.
TS Ramani
TS Ramani, LL M Law, Annamalai University (2007)
Answered Aug 5, 2017
No. They cannot take up any other profession or business.
Professional Ethics of Advocates does not allow to do both, do business along with the Advocates Practice.
Yes, you can be a share holder in a Private ltd. company or a public ltd. company. Famous Lawyer Nani Palkiwala had invested in many companies and sometimes had been Director in many companies.
They can be investor partner (sleeping partner) in a business.
Guest
(Expert) 09 June 2018
Refer the Advocates Rules---- An Advocate who is involved in any business or appointed as Director of a company is Not entitled to practice in Courts.He should submit a letter to his State Bar Council to suspend his practice as long as he is in business.
Guest
(Expert) 09 June 2018
Other wise if any complaint is made Bar Council would take severe actions.
Adv.Ambrose Leo
(Expert) 09 June 2018
What about the Ministers,Politicians,MPs,MLAs,MLCs,& other Nominated,
Guest
(Expert) 09 June 2018
Dear Mr Ambrose Leo the persons mentioned by your good selves will not be treated as doing any business and they are only Service Oriented to the Citizens.
Ms.Usha Kapoor
(Expert) 09 June 2018
The Advocates Act and Bar Council of India Rules provide that an advocate is not prohibited from becoming a director in a company but he should not perform any executive function of the company. Thus, an advocate can be a Non-Executive or Independent Director of the company but cannot be Executive Director of the company. An advocate is free to draw the sitting fees provided to independent directors for his directorship in the company
Kumar Doab
(Expert) 09 June 2018
Pls post with your ID and not as AQ and you can get many replies.
Your ID does not mean your email id or phone number and don’t post these also.
Kumar Doab
(Expert) 09 June 2018
You can certainly benefit from the posts in the thread.
Dr J C Vashista
(Expert) 11 June 2018
If you are seeking obligation of experts FREE OF COST you are required to disclose your identity as per rules of this platform, no reply for an anonymous author.
Dr J C Vashista
(Expert) 11 June 2018
Read provisions of Advocates Act, 1961 and make us informed about the legal position qua your question paper.
