Section 314 of the companies act, 1956
This query is : Resolved
Nivedita Dixit
(Querist)
20 March 2012
The Board of directors of Ujwal Pvt. Ltd. having a paid-up share capital of `1 crore consists
of two directors, one of them, viz., Bimal, possesses membership of the Institute of Company
Secretaries of India. The company desires to appoint him as a Company Secretary also.
Would the provisions of section 314 come into effect ? State the legal position.
The above question was asked in December 2011 exam.
of two directors, one of them, viz., Bimal, possesses membership of the Institute of Company
Secretaries of India. The company desires to appoint him as a Company Secretary also.
Would the provisions of section 314 come into effect ? State the legal position.
The above question was asked in December 2011 exam.
Ajay Mishra
(Expert)
20 March 2012
Hi
Appointment of a person who is a director as a company secretary in the company would fall within the ambit of section 314 and would require the approval of the company by Special Resolution.
Regards
Appointment of a person who is a director as a company secretary in the company would fall within the ambit of section 314 and would require the approval of the company by Special Resolution.
Regards
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