Companies Act, 1956
Section - 314 - Director, etc., not to hold office or place of profit
Director, etc., not to hold office or place of profit.314. [(1) Except with the [consent] of the company accorded by a special resolution,— (a) no director of a company shall hold any office or place of profit, and (b) [no partner or relative of such director, no firm in which such director, or a relative of such director, is a partner, no private company of which such director is a director or member, and no director or manager of such a private company, shall hold any office or place of profit carrying a total monthly remuneration of [such sum as may be prescribed],except that of managing director or manager,] banker or trustee for the holders of debentures of the company,— (i) under the company ; or.... To read the full section download the app from Google Play store
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