Director relatives rules, 2011
This query is : Resolved
Naga Bharathi
(Querist)
13 July 2012
A private company appointed relative of a director as the chief consultant, with the monthly remuneration exceeding Rs.250000/-, whether the Director Relative(place of Profit) Rules,2011 are applicale for the above appointment?
Ajay Mishra
(Expert)
13 July 2012
Hi
Yes,if such relative covered under Schedule IA of the Companies Act, 1956 then it will cover under section 314 of the Companies Act, 1956.
Yes,if such relative covered under Schedule IA of the Companies Act, 1956 then it will cover under section 314 of the Companies Act, 1956.
Naga Bharathi
(Querist)
16 July 2012
Thank U Sir.
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