Compliances under Companies Act, 1956

This query is : Resolved

CS Somnath Kagade, BcomCSLLB (Querist)
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15 December 2009 Dear all,
Pls help me out:

What are the compliances come into picture under Companies Act if the private limited companies providing any club membership facilities to its directors even Directors are not taking any remuneration from company?

whether should i pass resolution for the same or adjust in the employees cost for income tax purposes?

Pls suggest the option if any for Companies act as well as income tax purposes

waiting for reply,

Thanking you,

CS SK Kagade
Bcom, CS, LLB

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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15 December 2009 In my opinion, you should pass a resolution as perquisite is also form a part of salary.

As you have said that direcor is not taking any salary, you should pass a resolution.

CS Somnath Kagade, BcomCSLLB

CS Somnath Kagade, BcomCSLLB (Querist)
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22 December 2009 Thanku Mitesh sir,

Hope u be in touch to solve the queries.

W B R
S K K

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