Hi all,
Can anyone tell me whether CG approval is necesaary for giving remunneration to the relative of Director between the range of Rs. 20,000/- to Rs. 50,000/- and can the prior approval of Members is necesaary or the subsequent approval will do.
Plz gide me on the same.
Regards,
Prasad Keluskar
Hi,
Your case is governed by section 314(1B). No need to collect CG approval as long as remuneration is below 50,000. But under section 314(1B) you have to go for prior approval of share holders.
Views of other members solicited.
Regards
Hema Yashwanth & Associates
Chennai
B.Com
View Details
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
Synergy Keystone
Mumbai
CA
View Details
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
CCI
Pro
CAclubindia
