Is it illegal to set up a business while working in pvt. lt

Whether u have started investment in similar kind of business ?

If yes then it is illegal as per provision of company law 2013.

Will u appreciate this answer by giving like on my LCi prrfile?

Refer to service rules/conditions.

Usually bar is on gainful employment.

Was any show cause notice issued and opportunity of hearing provided?

Was any reason mentioned in termination order?

Did you sign any acceptance of misconduct/aplogy letter?

Hwever the appointment letter, standing orders, service rules, conduct and discipline rules, termination order may be shown to a very able counsel specializing in Labor/service matters. 

Joininas Director and investing money might be different scenarios.

PF can not be attached.

No i havenot opened the business in the same kind of business line of my company . Moreover i have only invested my money in it as a Investor , then how it is illegeal ? 

'i have only invested my money in it as a Investor........................ i have set up one company with two other directors while working in a Pvt ltd company and became third director  as a investor. '

The appointment letter, standing orders, service rules, conduct and discipline rules, termination order may be shown to a very able counsel specializing in Labor/service matters. 

 

Dual employment is illegal under the Factories Act.Nothing else is mentioned in any other labour laws. However, depending on many judgements, once employed you are not entitled to engage yourself in any other profession for money or otherwise unless you have permission from your employer. 

I (think) being a director of another company will qualify as gainful employment.

You have not replied to all points, pointwise.

Better consult local counsel specializing in labor/service matters with all dcos on record.