Company to relative of a diretcor

Bhagwati Prasad Singh (Company Secretary) (170 Points)

20 August 2014  

Dear All,

My company is un listed public company. Can it give a sum of rs. 25 lacs to relative of its director in any form. ( relative is employee of a company and is receiving rs. 35k as monthly remuneration).

Kindly suggest.

Thanks in advance.