Keyman Insurance Policy
This query is : Resolved
05 June 2011
Whether a Keyman Insurance Policy taken out in the names of two directors is allowed?
CA PARAS BAFNA
(Expert)
05 June 2011
In my view the word used is "Keyman" and not "Keymen". So a single policy on the life of 2
or more persons can not be taken. However,
Policies can be taken individually.
or more persons can not be taken. However,
Policies can be taken individually.
05 June 2011
Whether a Director himself can be considered
as a Keyman in a Pvt. Ltd. Co.?
as a Keyman in a Pvt. Ltd. Co.?
CA MANOJ GUPTA
(Expert)
05 June 2011
THERE IS NO BAR IN TAKING A KEYMAN POLICY FROM INCOME TAX POINT OF VIEW
THE CONSEQUENCES ARE GIVEN IN THE ACT
CA MANOJ GUPTA
JODHPUR
09828510543
THE CONSEQUENCES ARE GIVEN IN THE ACT
CA MANOJ GUPTA
JODHPUR
09828510543
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