section 314(1B)
This query is : Resolved
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????
07 April 2009
Section 314 is not applicable in case of appointment of related person as MD or Manager
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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