Consultancy fees to Managing Director
This query is : Resolved
03 September 2024
Can a Managing director of a listed company (who is already drawing remuneration under Section 197 of Companies Act, 2013) can draw professional consultancy fees from a UK based Company in which he is the only Director and Shareholder?
03 September 2024
basically you need to check his appointment clause. MD is also an employee of company so if he is doing another activity then such should not fall under conflict of interest clause of company where he is md
this is my personal view
this is my personal view
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