Appointment of Manager as Alternate Director

Save Share

This query is : Resolved

Suman Anand (Querist)

25 February 2010 Dear Friend,

Can we appoint Manager as Alternate director. Whether this will attact the application of section 314 of the Com. Act, 1956.

Thanks

Suman 9971140244

Ankur Garg

Ankur Garg (Expert)

25 February 2010 Dear Suman,

If this manager is a whole time employee and you appoint him as an alternate director then this appointment is equal to the the appointment of WTD by virtue of the explanation to section 269 and you have to comply with section 269 fully.

Regarding 314 --- section 314 is applicable only if you give remuneration to your alternate director over and above the remuneration he is drawing as manager.
section--314(3)

Regards

Suman Anand

Suman Anand (Querist)

26 February 2010 Thanks a lot ankur

You mean to say that we have to comply with all the provision of section 269 and this means do we need to file form 25C again. We have already file form 25 c for appointing him as manager.

Ankur Garg

Ankur Garg (Expert)

26 February 2010 Thanks for the gesture.

So you are promoting the manager as alternate director(temporarily). Yes section 269 is applicable as explained in my previous reply.

Suman Anand

Suman Anand (Querist)

03 March 2010 Thanks a lot Ankur once again for the prompt reply.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now