Appointment of a person who is of relative of md
This query is : Resolved
Pratibha Rawat
(Querist)
17 June 2013
Dear Experts,
Query
We want to appoint Mr. X as an executive director of the co. He is son of Mr. Y M.D & Mrs. A director of the company. He will be drawing salary also. So plz guide me whether the appointment of Mr. X will attract Sec 314 or not???? or can we go with sec 260 & appoint him as additional director in BM??????? Plz help...
Query
We want to appoint Mr. X as an executive director of the co. He is son of Mr. Y M.D & Mrs. A director of the company. He will be drawing salary also. So plz guide me whether the appointment of Mr. X will attract Sec 314 or not???? or can we go with sec 260 & appoint him as additional director in BM??????? Plz help...
Ajay Mishra
(Expert)
17 June 2013
Hi
If you want to appoint him as director then you will go through section 260 of the Companies Act, 1956.
In other case Mr. will be covered under section 314 due to relative of Mrs. A.
If you want to appoint him as director then you will go through section 260 of the Companies Act, 1956.
In other case Mr. will be covered under section 314 due to relative of Mrs. A.
Pratibha Rawat
(Querist)
18 June 2013
Thanks a lot Ajay Ji...:)
Ajay Mishra
(Expert)
18 June 2013
My pleasure..........
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