IS SECTION 314 OF COMPANIES ACT ATTRACTED WHEN SON OF M.D APPOINTED AS TECHNICAL ADVISER IN THE COMPANY
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APPOINTMENT OF TECHNICAL ADVISER
Replies (7)
the section 314 will attract and approval will have to be taken
No...Sec 314 will not be attracted....
Sec 314 is not applicable when some one is provides services of professional nature without being on regular pay..............
I assume technical advisor is professional and is hired for some assignment............
Correct me if m wrong
If the appointment is as a technical adviser on retainership basis, then yes, 314 will be attracted.
the important thing is if it is assignment based job or one time then it will not be applicable but if it is on retainership model or regular nature u will have to comply the section
Agree
Agree
| Originally posted by : Rasesh | ||
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If the appointment is as a technical adviser on retainership basis, then yes, 314 will be attracted. |
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No doubt about the observation of learned member. Thanks
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