Can a government employee be a shareholder?

Can a govt employee be a shareholder?

Public Office. There is no provision in the Companies Act that shares of a company could be held in the name of a public office. The collector of Central Excise, the secretary to the Government etc. is not a legal entity. … Thus, public offices are not allowed to become shareholder of a company.

Can a government employee own a company?

Can government employees have their own business? Ans- The answer is NO. Government employees are entitled to their position and duty full-time or till their retirement. They cannot legally own a private or side business especially when they’re still providing their services to the government.

Can a government employee be a director of another company?

A government employee can only become a director of a company with the previous sanction of the government. Every person who is a government employee must first get permission from the government and then only he can become a director of a private company.

Can government employees invest in business?

No, A government employee is not allowed to run a private business, neither is he allowed to work anywhere else as a part-time or full-time employee. This is against government rule and hence person who is found can be charged for breaking the law.

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Who Cannot become a member of a company?

4/72 dated 09.03. 1972, a firm not being a person cannot be registered as a member of the Company. Such firm can be a member of section 8 company. In the case of partners, a firm as such cannot be registered as a member, but the partners in their individual names may be registered as joint holders of the shares.

Can a retired government employee do business?

1. Yes, you can very well start your own business and earn profit despite being a retired State govt. employee drawing pension. … The restriction in doing business was applicable when you were in service and not after your retirement.

Can bank employee do business?

As far as the govt is concerned, no govt. servant can have two jobs(one with the govt and one with a private firm). You can still do business alongside your govt job under a falsified name or the name of your close relative.

Can government employee do farming?

Yes, government employee can do agricultural activity if he has aggricuture land in his name.

Can government employee earn from YouTube?

Originally Answered: Can an Indian Government employee earn from YouTube, blog or website? Yes they can. In fact anybody can… They just need a channel on YouTube Linked with Google Adsense.

Can employee be a director?

Director is a proper/trusted authority of a company but there is nothing that prohibits him from being an employee of any other company. … So, mere employment won’t have any effect on the company where he holds the position of director.

Can a government employee have a second job?

The default position is yes, federal employees can have a second job. As a federal employee, you are not prohibited from working a second job. However, you cannot “engage in outside employment that conflicts with your official duties”.

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Can a government employee run an NGO?

Yes the Government Employee or Government Officer can be the member, founder, Trustee, Director of Non Profit Organisation /Non Governmental Organisation (NGO). There are many Government employees and officers are founders and members of NGOs.

Can an employee start his own business?

Considering business doesn’t have any relation to employer business. It depends on the contract you have with your employers. Most employers allow employees to participate in such activities on non-numeration basis with prior consent from employer. There are very few employers on either side of this.

Can a government employee teach in coaching?

As per government services Act, government employees can’t indulge in private businesses like teaching in tuition centres. …

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