Sec 314(1)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2011
As per sce314(1) if the following persons are appointed at an office or place of profit
then special resolution will be passed.
A firm in which a director or relative of the director is a partner.
A private company in which a director of the company is a director or member.
But how a firm or pvt ltd company will held the office or place of profit?
then special resolution will be passed.
A firm in which a director or relative of the director is a partner.
A private company in which a director of the company is a director or member.
But how a firm or pvt ltd company will held the office or place of profit?
udit sharma
(Expert)
12 January 2011
Hi..
As per the explanation to section 314 of the Companies Act, 1956, a partner or relative of a Director,a firm in which any Director or his relative is a partner, a Private Company in which a Director of the Company is a Director or member, Director or manager of such private Company in which a Director of the Company is a Director or member is said to hold an office or place of profit in the Company if it/he/she receives anything from the Company by way of salary,fees, commission,perquisites,right to occupy free of rent any premises for residential purpose or otherwise.
Coming to ur query, a Legal/ Consulting Firm or an Audit Firm rendering serivces to the Company in which a relative of the Director/ Director is a partner and is receiving remuneration for the services rendered is said to hold an office or place of profit in the Company.
God Bless
CS Udit Sharma
As per the explanation to section 314 of the Companies Act, 1956, a partner or relative of a Director,a firm in which any Director or his relative is a partner, a Private Company in which a Director of the Company is a Director or member, Director or manager of such private Company in which a Director of the Company is a Director or member is said to hold an office or place of profit in the Company if it/he/she receives anything from the Company by way of salary,fees, commission,perquisites,right to occupy free of rent any premises for residential purpose or otherwise.
Coming to ur query, a Legal/ Consulting Firm or an Audit Firm rendering serivces to the Company in which a relative of the Director/ Director is a partner and is receiving remuneration for the services rendered is said to hold an office or place of profit in the Company.
God Bless
CS Udit Sharma
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