company law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2010
Dear All
Pl. express your views on the following matter.
1) A director of public limited company is drawing salary. He resigns as director. Company proposes to pay salary to him as an employee. As the person is related to another director whether provisions of section 314 will apply ?
2) An existing director is proposed to be appointed as whole time director as he is going to draw monthly remuneration. Please specify the procedure to be followed with draft resolutions.
Pl. express your views on the following matter.
1) A director of public limited company is drawing salary. He resigns as director. Company proposes to pay salary to him as an employee. As the person is related to another director whether provisions of section 314 will apply ?
2) An existing director is proposed to be appointed as whole time director as he is going to draw monthly remuneration. Please specify the procedure to be followed with draft resolutions.
05 September 2010
Provisions of section 314 will apply if and only if the person who is still a director is on office or place of profit.
Kindly provide the salary details of employee.
Regards
Kindly provide the salary details of employee.
Regards
05 September 2010
For appointment of WTD in a public company section 269 is applicable.
By passing a board resolution you may appoint a person as WTD.
You have to file form 32 within 30 days of passing board resolution.
By passing a board resolution you may appoint a person as WTD.
You have to file form 32 within 30 days of passing board resolution.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- REGARDING SECTION 44AE
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
