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Can HUF become a Director???

Postby madhuri » Thu Jul 03, 2008 9:12 pm

Can anyone tell me about holdiing of directorship by karta of HUF? If yes, Which section of the Company Law apply to it?

Madhuri
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Re: Can HUF become a Director???

Postby amanjain » Fri Jul 04, 2008 9:25 am

dear madhuri,

i don't get your question.

do you want to know that can Karta of HUF holding a directorship in any company? if this is your question then answer is yes. and now you tell me that which sec. of company law prohibitated to hold a directorship of a company by KARTA?

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Aman Jain
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Re: Can HUF become a Director???

Postby hsanghvi » Fri Jul 04, 2008 11:49 am

Karta of HUF can be appointed as Director of the Company as individual capacity as Sec. 253 of the Companies Act, 1956 lays down that "........................., and only an individual shall be so appointed."
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Re: Can HUF become a Director???

Postby yogesh chande » Fri Jul 04, 2008 2:11 pm

Let us wait for Madhuri to clarify first.

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Re: Can HUF become a Director???

Postby madhuri » Sun Jul 06, 2008 10:30 pm

hi all,

Thanks for yr reply. I got the answer that as per sec 253 Karta of HUF can become Director as individual capacity. Now I want to know if an individual can become a director in two capacity, as Individual & as Karta of HUF??

Madhuri.
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Re: Can HUF become a Director???

Postby hsanghvi » Mon Jul 07, 2008 8:23 am

Logically not..........
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Re: Can HUF become a Director???

Postby amanjain » Mon Jul 07, 2008 9:46 am

dear madhuri,

karta as (personal) individual capacity can become a director. but not with his karta position. because karta hasn't have any individual statue. he is the only representative of HUF. if he had done some work as karta then this work would have applicable on HUF.

and according to sec. 253 the director of the company should be an individual. so its very clear that karta cann't become a director , as Karta of HUF.

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amanjain
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Re: Can HUF become a Director???

Postby madhuri » Tue Jul 08, 2008 9:01 pm

Mr. Aman

Thankyou. Now I am satisfied.

Madhuri.
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