Under Rule 48 of Part VI, Chapter II of the Bar Council of India Rules, which position in a company may…

Rule 48 allows an advocate to be "Director or Chairman of the Board of Directors of a Company", with or without sitting fee, if none of his duties are executive. It expressly says he "shall not be a Managing Director or a Secretary of any Company". A chief executive with day-to-day charge has executive duties and is equally barred.