Insurance premium for director/promoter
This query is : Resolved
23 October 2013
sir,
is it illegal for a company to pay for a director/promoter's personal insurance annual premium !
vijay
sir,
is it illegal for a company to pay for a director/promoter's personal insurance annual premium !
vijay
23 October 2013
No it is not illegal, if it is part of remuneration of director. Read section 200 of the Companies Act, 1956.
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