M/s Akin Consultants Private Ltd. seeks your legal advice regarding the following appointments
relating to directors and their relatives:
(i) Mr. K, who is a relative of one of the directors, is to be appointed as the managing director
on a monthly salary of `80,000 plus other perquisites as applicable to other executives of
the company.
(ii) Miss N, a relative of a director, is to be appointed as Chief Public Relations Officer on a
salary of `65,000 per month.
(iii)Mr. W, a relative of a director, is to be appointed as Chief Executive Officer on a
consolidated salary of `2,55,000 per month.
Advise explaining the relevant provisions of the Companies Act, 1956.
CAclubindia
