Company law
This query is : Resolved
CA Krishna Murthy
(Querist)
03 December 2009
Please tell me As per Sec.314 1B,For managing director salary exceeds more the Rs.50000/- Cental Governament approval necessary or not.
Ankur Garg
(Expert)
03 December 2009
If your MD is not on office or place of profit u/s 314(3) then CG approval not required.
Please visit the link below:
https://www.caclubindia.com/forum/messages/2009/12/57976_section_314.asp
Please visit the link below:
https://www.caclubindia.com/forum/messages/2009/12/57976_section_314.asp
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