S.297,299 of Companies Act
This query is : Resolved
11 March 2010
Dear Sir/Madam
Whether Section 297, 299 is applicable to Pvt Ltd company?
Also let me know:
The company paying royalty to directors. Is it consider/ include as remuneration to director? Shall we comply with s.314? or it attracts to sec.309?
plz reply.
Whether Section 297, 299 is applicable to Pvt Ltd company?
Also let me know:
The company paying royalty to directors. Is it consider/ include as remuneration to director? Shall we comply with s.314? or it attracts to sec.309?
plz reply.
11 March 2010
Section 297 and 299 are applicable to private limited companies.
In my view, royalty to director would be considered as remuneration and would attract 309.
In my view, royalty to director would be considered as remuneration and would attract 309.
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