Owning a Company while being employed

I mean gainfully employed elsewhere in an other company

Hello Vivek.

It depends on the employment agreement of that person with his employer. If it is specifically mentioned that the employee can not hold any other position in other organisation or should not work or engage himself in any other business, then these conditions should be closely interpreted. Sometimes, exceptions are also provided in the same agreement which allow you to do above activities either conditionally or unconditionally. Thus, first read the employment agreement fully and try to interpret it precisely.

Regards,

Parag M. More

Thans a lot More for the information. Will check the employment letter and will engage an expert to analyse it further