Sec 314 - office of profit.
This query is : Open
27 June 2011
Dear all
If a company employs on retainership basis the brother of the managing director as consultant providing his professional services who is being paid more than 50,000/- per month will he be attarcted under sec 314 of the companies act for which approval of central govt. should be taken (This is a Private Company).
Plz Guide..
Regards
Abhijit
If a company employs on retainership basis the brother of the managing director as consultant providing his professional services who is being paid more than 50,000/- per month will he be attarcted under sec 314 of the companies act for which approval of central govt. should be taken (This is a Private Company).
Plz Guide..
Regards
Abhijit
27 June 2011
According to me when any relative or friends of the Director is appointed in the place of profit or holding office of the company only than Section 314 of the Companies Act is attracted and if the remuneration is exceed 50000/- month than prior approval of the Central government is required.
27 June 2011
Bijoy Ji
Rule 3 of Director's Relatives (Office or Place of Profit) Rules modified.
Monthly Remuneration, in case of appointment of relatives of directors with approval of CG, raised from Rs. 50,000/- to
Rs. 2,50,000/-
Rule 3 of Director's Relatives (Office or Place of Profit) Rules modified.
Monthly Remuneration, in case of appointment of relatives of directors with approval of CG, raised from Rs. 50,000/- to
Rs. 2,50,000/-
27 June 2011
Dear Mr.Warrier,
Plz can i get the notification which says the same has been extended from Rs. 50,000 to Rs. 250000/-
Plz can i get the notification which says the same has been extended from Rs. 50,000 to Rs. 250000/-
27 June 2011
Pl see the notification in https://www.mca.gov.in/Ministry/notification/pdf/GSR_614(b)_6apr2011.pdf
27 June 2011
Thank u sir..
Regards
Abhijit
Regards
Abhijit
29 June 2011
Dear Mr. Warrier
so in this regard i dont have to take central govt. approval. only the general meeting resolution will suffice our purpose.
Regards,
Abhijit
Dear Mr. Warrier
so in this regard i dont have to take central govt. approval. only the general meeting resolution will suffice our purpose.
Regards,
Abhijit
29 June 2011
My opinion
Special Resolutions and Central Gvt Approval is required because the MCA there is given only in Notification but Not Circulating so My point is Both Special Resolution and CG Approval Must.,
So u can Consider the Notification , only when it Circulating k.,
Special Resolutions and Central Gvt Approval is required because the MCA there is given only in Notification but Not Circulating so My point is Both Special Resolution and CG Approval Must.,
So u can Consider the Notification , only when it Circulating k.,
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