directors- sec 309(1)
This query is : Resolved
16 November 2009
while determining remuneration of directors as per provisions of this sec, it is said that it shall b inclusive of any remuneration payable to the directors for services rendered in any other capacity,provided that it shall b otherwise, if servises are of professional nature and in opinion of CG director has requisite professional qualification..
i want to plz clear me abt the relevance of the word "rendered" as services rendered are different from services supplied..will it be exclusive of retainership.
can u give me examples of the cases in which a director's remuneration shall be inclusive of that in any other capacity.
i want to plz clear me abt the relevance of the word "rendered" as services rendered are different from services supplied..will it be exclusive of retainership.
can u give me examples of the cases in which a director's remuneration shall be inclusive of that in any other capacity.
16 November 2009
Hi,
It this statements it specifies the word "rendered" as executive director or non-executive director.
It this statements it specifies the word "rendered" as executive director or non-executive director.
16 November 2009
yes, there are difference between service rendered and service supplied.
Directors are mind of the company they are internal persons, so they service rendered(Responsblity). service supplied by outsiders of co.
Directors are mind of the company they are internal persons, so they service rendered(Responsblity). service supplied by outsiders of co.
17 November 2009
As per my opinion services on retainership basis are outside the preview of the relaxation provided in proviso to section 309(1) and hence part of remuneration.
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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Non issue of e way bill
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Subscription paid to foreign customer
- ECO SUPPLY REPORTIONG IN GSTR-1
- 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
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
