Section 314 of companies act 1956

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Sarath.M.G

Sarath.M.G (Querist)

14 September 2013 (a)Mr.k,who is a relative of one of the directors,is to bn appointed as the managing director ona monthly salary of 80000 plus othe perquisites applicable to othe executives of the company (b)Miss N,a relative of a director ,is to be appionted as chief public relations officer on a salary of 65000/pm (c)Mr.W,a relative of a director,is to be appointed as CEO on a consolidated salary of 255000 /pm i need your advice for the all above mentioned curcumstances.please provide me applicability and requirements of section 314 of companies Act

Sarath.M.G

Sarath.M.G (Querist)

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