I am a local trader based around Shimla, Himachal. I founded a company with my friend, who is the CEO of the company and we both are the first directors. We do not draw any salary or money, for that matter, from the company.
The problem is, I took a government job on contract basis and I am drawing salary regularly from here. I also signed an undertaking saying I will not draw any other salary from other sources.
So, I am worried what will happen if they come to know of it. Do I have the option to disclose this fact to my employer without facing any consequences with my job? I do not want to resign from the directorship of the company, is there any way for me to avoid trouble?
Jan. 22, 2018