Section 188 of the companies act, 2013
This query is : Resolved
12 September 2016
I had one private limited having 4 directors , out of them 2 are CA and they are taking remuneration in the form of professional fees for rendering professional service.
My question
1. Provision of Section 188 , read with Rule 15(3) will be attracted and revenue of the Company was RS. 2739920/- and professional fees given both of them was Rs.288000/- , whether this is allowed or contravention of provision of Section 188
My question
1. Provision of Section 188 , read with Rule 15(3) will be attracted and revenue of the Company was RS. 2739920/- and professional fees given both of them was Rs.288000/- , whether this is allowed or contravention of provision of Section 188
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12 September 2016
188 is not applicable to pvt ltd co vide ntfn. dt 5.6.2015.
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