Can you be a director of 2 companies in India?

Law permits a person to be a Director of more than one company. Section 165(1) of the Act provides that a person can hold maximum 20 directorships at a point of time which also includes alternative directorship. While calculating the directorship, the directorship in a dormant company should not be included.

Can you work for two companies at the same time in India?

Dual Employment in India or double employment rule in India means being employed by more than one employer at the same time. This means that an employee occupies full-time employment and receives wages from one employer while having an additional job in another organization.

Is working for two companies in India illegal?

Unless any of the employer specifically prohibits you from undergoing any other job whilst in full time employment with them which they normally do, it is perfectly legal for you to work for two employers. Let both the employer’s individually deduct your Provident Fund contribution. The PF A/c Numbers will differ.

Can you own 2 limited companies?

Yes, it is possible to run two or more separate businesses under a single limited company. This involves the use of trading names to compartmentalise the overall company into separate units, each of which can be run as a unique business.

Is it legal to work in 2 companies?

Both the job may be identical or may not. Moonlighting clause is the clause which is added as a clause in the employment agreement with the consent of the employee when he joins the company/business. It is added by the consent of both the parties.

Is it possible to work for 2 companies at the same time?

No, you can work in as many companies as you desire or want. There is no legal limit on the number of salaried jobs you can hold. Company directors sometimes hold dozens.

Can a company have 2 whole time director?

A company can’t appoint or employ at the same time a Managing Director and a Manager. A company can’t appoint or re-appoint any person as Managing Director or Whole Time Director or Manager for a term exceeding five years at a time. No re-appointment shall be made earlier than one year before the expiry of his term.

Can a person be a full time director in two companies?

No individual can discharge his or her duties as full time employee in two jobs. Hence one can not be full time Director or Managing Director in two Companies. However, one can be full time Director / Managing Director in one Company, and also hold the position (non-executive, not full time) of Director/Managing Director in another company.

Can a company director be an employee of another company?

Yes, it is possible. A person can be director in one company and employee in other company. There is no provision in Companies Act, 2013 that prohibits the same. There are many people who are in employment elsewhere and become director in their own company. So that is possible, unless the company where he/she is doing job objects on the same.

Can a person be appointed as the Managing Director of two companies?

A person can be appointed as the managing director of two companies. Where a person is already a Managing Director in a company, the other company desirous to appoint this same person as its managing director will have to obtain approval of all its directors for such appointment.

Is it illegal to work with more than one company in India?

If it doesn’t bound you to work on any other paid job then you can go for an additional job. No, it is not illegal to work with more than one company at a time in india. Infact, a person can take up as many jobs as they want and can accommodate in their schedule.