Hello

in my personal opinion a special resolution is required for the appointment of a relative of a director at an office or place of profit carrying a monthly remunaration of rs 10000 or more.

So here they need to pass A Special Resolution to appoint his sister as an employee if she gets remunaration more than 10000.

Any relevant section... ?? Coz i cud not find the limit and the clause u mentioned above anywhere....

Thanx for the reply !!!

Hello ,

The query does not speak about the salary of the sister of the MD.

 SECTION 314 (1) (B) APPLIES TO ALL COMPANIES INCLUDING PRIVATE LIMITED COMPANIES.

R.V.Seckar
 
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Trust my reply to your profile would be of some help...

Originally posted by : Ankur Garg
	Trust my reply to your profile would be of some help...

It helped allot Sir !!! I understood the condition of  "contract or arrangements"  u/s 297 of the Act only after I read your post today !!! Thanks allot !!! I had got confused due to the case law of A. Sivasailam which was referred to in many of the books as the basis for disclosure of Interest by the Director u/s 299 of the Act...it was about the employment of his daughter in the Company. 

Thanks allot Sir for your reply !!!

@ RV Sekar Sir & Ankur Sir

I was referring to Section 297 & 299 for the case above. But, Section 314 is more relevant. Is this correct ?