Can a Practicing CA become Director in a Company?

• April 5, 2020
• CA Chandan Agarwal's Office

Can a Practicing Chartered Accountant become Director in a Company?

One of the most common question indeed!

Q1. Can a Practicing CA become a director in a company?

• Yes.

Q2. Is prior approval required to be obtained from Council by practicing CA to become a director in a company?

• Yes, in case of holding of office of a Managing Director or a whole time Director in a Company.
• No, in case of holding of office of an Independent Director.
• No, in case of Promoter/ Promoter Director.
• No, in case of holding office as Director Simplicitor.
• No, in case of directorship in ‘Management Consulting Company’ registered with ICAI, subject to Council Guidelines for corporate form of practice.

Read more on://taxguru.in/chartered-accountant/practicing-ca-director-company.html