Section 28(ii)

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Asawari Malhotra (Querist)

16 April 2013 (a) any person, by whatever name called, managing the whole or substantially the whole of the affairs of an Indian company, at or in connection with the termination of his management or the modification of the terms and conditions relating thereto;

i was studying pgbp basis of charge.. pls explain the above statement.. the whole or substantially the whole.. so if somebody manages around half or lesser than half of the affairs of the company.. is he not included? plus modification of terms? what kind of modification? increase in pay?

this is the only source for me to get my doubts cleared.. so pls explain in detail..

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

02 June 2013 The reply to your this question is that the person should manage the affairs of the company which means there are several department such as sales, purchases, marketing, production, procurement etc.etc. if that person is handling any of the department as a head he is called managing the affairs of the company besides this the MD, Directors are also considered in this category.

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