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Deposit of 100000 for appointment of new director in pvt ltd

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Querist : Anonymous (Querist)
27 November 2015 dear expert

pls guide for any exemption of deposit of rs 100000 for private company

or compulsary required to take money from new director

thanking you

28 November 2015 In case of Private Company deposit of Rs. 1,00,000/- (Rupees One Lac) for appointment of director's at a General Meeting is no longer applicable.

Inference - Section 160 and MCA notification dated 05-06-2015.



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