Section 314 of the companies Act
This query is : Resolved
16 April 2010
if a public company appoints as director in the company who is son of the MD of the company; will section 314 applicable?
Regards
sanjay srivastava
Regards
sanjay srivastava
16 April 2010
Son is a 'relative' as per schedule 1A. If a relative is appointed as a director either approval in general meeting with a special resolution or approval of the Central government is required depending on the remuneration fixed by virtue of the provisions of section 314.
Answer:- Section 314 is applicable for the referred query.
Answer:- Section 314 is applicable for the referred query.
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