executive director working with company wheather traeted WTD

ashish (Querist) 16 January 2010 This query is : Resolved
dear all thanx to all of for your taking part in this knowlegable discussion.

I would like to know that if a director working with a company as an executive director that means he is working as an employee of the company and if he is working as an employee of the company and also a director is it means that he is WTD and we have to comply all the requirements of section 198, 268, 269, 309 and schedule XIII wheather the paid up capital of company is less than 5 crores?

please suggest.

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RAVI ARORA (Expert) 20 January 2010
Any Director working as whole time employee of the company is Director in whole time employment or WTD and therefore all the requirements as to his appointment, remuneration etc. shall be guided by sections 198 , 269 , 309 , Schedule XIII of the companies Act , 1956.

ashish (Querist) 20 January 2010
thanx sir.

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executive director working with company wheather traeted WTD

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