Query on change in directors in my company
This query is : Resolved
28 April 2014
Right now Mr. A and Mr. B are directors of ABC Ltd. Now, I want Mr. X (Spouse of Mr. A's Brother in Law) and Mr. Y (Spouse of Mr. B's Sister) to be its directors.
As per the Companies Act 2013, the said relations are not included in the definition of relatives.
But, I came to know that as per Income Tax Act, 1961, Mr. Y will be covered in relatives.
Actually, I want to ensure that my company doesn't attract tax provisions from point of view of both the Acts.
Request experts to help me out here and suggest which persons can be made directors in this regard to the company.
As per the Companies Act 2013, the said relations are not included in the definition of relatives.
But, I came to know that as per Income Tax Act, 1961, Mr. Y will be covered in relatives.
Actually, I want to ensure that my company doesn't attract tax provisions from point of view of both the Acts.
Request experts to help me out here and suggest which persons can be made directors in this regard to the company.
06 May 2014
Can anyone reply?
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
- RCM invoice related QRMP
- WHO WILL PAY TDS UNDER SECTION 194IA?
- MAT Credit Availability
- Late fee CMP-08 FY 2021-22
- Mismatch in gstr-1 and eway bill invoice no
- Clarification Regarding Tax Deduction at Source on Receipt Against Issuance of Privilege Voucher
- GST TDS on metal scrap
- ITC Inter head difference
- 80CCD(2) of IT ACT
- Guidance for proper GST accounting (eway bill with correct valuation) for cut-to-pack job work given
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
