sec-314

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2010 please tell me sec314 of companies act 1956

Mohan Verma

Mohan Verma (Expert)
Follow

11 April 2010 Meaning In ordinary parlance, an office or place of profit means an office or profit or position, which brings to the person holding it some pecuniary gain or advantage or benefit. It will be an office or place of profit if it carries some

sachin alwadhi

sachin alwadhi (Expert)
Follow

11 April 2010 it relates to appointment of a director or any relative , firm, body corporate to an office or place of profit.

Rasesh

Rasesh (Expert)
Follow

11 April 2010 As stated by experts, the clause contains provisions for an office or place of profit by a specified set of persons. The section further provides as to when board approval would be sufficient, when members approval is required and when central government approval is required.

There is an article on legal services india by a company secretary which explains in detail all what you would require. Please see the link: https://www.legalserviceindia.com/articles/gp_office.htm

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now