increased in salary
This query is : Resolved
04 May 2011
i have heard MCA has increased salary to director's relative RS. 50000 p.m to 250000 P.M is this right and if salary increased then whether applicable for pvt ltd or ltd. company
04 May 2011
>>>>G.S.R. 303(E) dated 21.04.2011 Amendment in Director's Relatives (Office or Place of Profit) Rules,2003.- MCA has increased the limit of salary to director's relative from RS. 50000 p.m to 250000 P.M... means if salry is less than Rs. 250000 than no approval of Central govt require for the said purpose according to companies act,1956
>>>> This provisions not applicable on private company....
>>>> This provisions not applicable on private company....
05 May 2011
I disagree with the expert...in my opinion, provisions of section 314 of the Companies Act, 1956 are applicable to both Private and Public Limited Companies.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- CREDIT NOTES WITHOUT GST
- FORM 141 SDV query
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
