director holding an office or place of profit
Querist : Anonymous
an independant director of a private ltd company is not in receipt of any remmuneration but is a technical consultant of the co. on retainership basis, is he a director holding an office or place of profit, if so what are the applicable provisions with section no.
Best Regards
Udit Sharma
If a director taking any money from a company other than from his directorship will come under the provision of section 314.
Regards
Thanx
Querist : Anonymous
there is a correction to my question. the director is taking fees for such technical services. what are the consequences?
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