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section 314(1B)

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24 March 2009 if a relative of a wholetime director appoints as a MD of the Company whether the provisions of sec. 314(1B) will be applicable or not????
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Jagruti (CS)

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Jagruti (CS) (Expert)
07 April 2009 Section 314 is not applicable in case of appointment of related person as MD or Manager
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Pooja

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Pooja (Querist)
07 April 2009 Thanku for the answer sir, but i have a doubt because u/s 314(1)MD is clearly not covered but 314(1B) doesn't specifically exclude appointment of MD from office or place of profit.
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