{"id":7650,"date":"2023-03-03T14:21:46","date_gmt":"2023-03-03T06:21:46","guid":{"rendered":"http:\/\/www.biztreemgmt.com\/wordpress\/?p=7650"},"modified":"2023-03-06T09:59:32","modified_gmt":"2023-03-06T01:59:32","slug":"can-director-hold-directorship-for-different-company","status":"publish","type":"post","link":"http:\/\/www.biztreemgmt.com\/wordpress\/can-director-hold-directorship-for-different-company\/","title":{"rendered":"Can director hold directorship for different company"},"content":{"rendered":"\n<p>Yes, Companies Act allowed director to hold position for more than 1 company as long as there is NO conflict of interest between the relevant companies.<\/p>\n\n\n\n<p>Relevant director must remember that all director owned fiduciary director to each Company. Failure to do so may caused court case. <\/p>\n\n\n\n<p>Sample case : <a href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/capital-markets-currencies\/hyflux-sues-olivia-lum-more-s690-million-over-alleged\">Hyflux<\/a> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>However th<span class=\"has-inline-color has-black-color\">ere is DIFFERENT APPLICATION  on appointed director who is Employment Pass holder .<\/span><\/p>\n\n\n\n<p>According to MOM regulation, Employment Pass holder is only allowed to work for the employed company stated on the working visa .<\/p>\n\n\n\n<p>He or she must<a href=\"https:\/\/form.gov.sg\/#!\/5b88b36bdcac67000fec0403\"> apply consent<\/a> with MOM to hod the 2nd directorship.<\/p>\n\n\n\n<p>The key consideration for approval of 2nd directorship is the relevant company must be relating to primary company example in term of shareholding .<\/p>\n\n\n\n<p>The following scenario is allowed Employment Pass holder to take 2nd directorship .<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"830\" height=\"707\" src=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-18-110620.jpg\" alt=\"\" class=\"wp-image-7715\" srcset=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-18-110620.jpg 830w, http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-18-110620-300x256.jpg 300w, http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-18-110620-768x654.jpg 768w\" sizes=\"(max-width: 830px) 100vw, 830px\" \/><\/figure>\n\n\n\n<p> <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"435\" height=\"475\" src=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-18-110829.jpg\" alt=\"\" class=\"wp-image-7716\" srcset=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-18-110829.jpg 435w, http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-18-110829-275x300.jpg 275w\" sizes=\"(max-width: 435px) 100vw, 435px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, Companies Act allowed director to hold position for more than 1 company as long as there is NO conflict of interest between the relevant companies. Relevant director must remember that all director owned fiduciary director to each Company. Failure to do so may caused court case. Sample case : Hyflux However there is DIFFERENT<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[395,165],"tags":[86,233,446,434],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>company director, employment pass holder, company registration<\/title>\n<meta name=\"description\" content=\"Can director take 2nd directorship ? 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