Office or Place of profit

Hi

Any remuneration received by the director for discharging duties as a director would not make the ofice held by director an "ofice of profit". An "ofice of profit" arises only when a director gets remuneration over and above to which je is entitle to get, as a director.

The professional fee to director will cover under section 314 of the Companies At,1956.

Regards

Any office or place is deemed to be office or place of profit if the director obtains anything from the Company by way of remuneration over and above the remuneration to which he is entitled as such director, whether by way of salary, fee, commission, perquisites, the right to occupy freee of rent any premises as a place of residence or otherwise.

Therefore, ofcourse you are absolutely right.