Entries in register u/s 301

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Whether salary given to directors of a pvt ltd co. is to be entered in the register of contracts u/s 301..??

The company has 2 directors, both are incharge of the operations therefore they get salary. The director itself (not any related party) is drawing salary then why is the disclosure needed u/s 299..??

Does any or every contract or arrangement with the director, whether of general or special nature, be entered in the register maintained u/s 301.

Replies (2)

No, salary given to director is not required to be entered in the register maintained under section 301 of the Act

if an arrangement of loan from director is to be entered then why not salary..?

Dear Sneha ji, can i get to know the provisions of the act that support the view coz its total confusion in here.


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