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Can an advocate practising in India be a director and shareholder in a private limited company incorporated in India?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Rashmitha asked about 4 years ago

Can an advocate practising in India be a director and shareholder in a private limited company incorporated in India?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 3 years ago

hi, Advocate Act prohibit a member to indulge into any kind of business as long as he is enrolled as a member of Bar Council and is in practice. So an advocate practising in India can't be a director and shareholder in a private limited company incorporated in India.

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