20 January 2009
Sec 314(1) - is applicable when director hold office /place of profit and draws monthly remuneration of 10,000 or less than 20,000 than only special resolution in general meeting is required.
Sec 314(1B) - is applicable when director hold office /place of profit which carries monthly remuneration of not less than 20,000 than along with special resolution , piror consent of Central Govt will be required
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