Appointment of an employee as Alternate Director
This query is : Resolved
Ranganath T K
(Querist)
08 July 2009
When a senior employee is appointed as an alternate director to a foreign director will the provisions of sec 314 be attracted? There is a 1964 DCA circular confirming this, but is there any more recent ruling on this?
Ankur Garg
(Expert)
08 July 2009
Hi,
There is no doubt about the applicability of Section 314 on the above mentioned senior employee. Sir I have checked some of latest amendments but I didn’t find anything. So you may go ahead with this interpretation and 1964 DCA circular.
However views of other Experts solicited.
Best Regards
There is no doubt about the applicability of Section 314 on the above mentioned senior employee. Sir I have checked some of latest amendments but I didn’t find anything. So you may go ahead with this interpretation and 1964 DCA circular.
However views of other Experts solicited.
Best Regards
Ranganath T K
(Querist)
08 July 2009
Thanks for the reply.
I presume a number of companies, with some sort of foreign participation, do appoint their employees - particularly CFOs, as alternate directors. It will be good if someone has a first hand experience on this
I presume a number of companies, with some sort of foreign participation, do appoint their employees - particularly CFOs, as alternate directors. It will be good if someone has a first hand experience on this
Ankur Garg
(Expert)
08 July 2009
Agree with you Sir.
It will indeed a good first hand experience for any professional.
Regards
It will indeed a good first hand experience for any professional.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Ito add credit side of bank
- GSTR9 Annual Return
- RCM and same line
- Closer of business and itc of capital goods
- ARCA LOGIN
- Import of Capital Machine
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
