Place of profit

Companies Act 2013 292 views 1 replies

Dear Friends

I have few queries on appointment of a Director's Relative to a place of profit in the Subsidiary Company. That Relative is a related party for both immediate Holding Company and Subsidairy Company

1. The  employment contract will be  directly between the subsidiary Company and the Relative. Is the approval required by the Board of both Holding and Subsidiary Company u/s 188 of the Companies Act 2013?

2. The relative is also a related party of the ultimate Holding Company. Do the Board of ultimate Holding Company has to be give approval us 188?

Please share your views. 

Thanks & Regards

Ekta

Replies (1)

Dear Ekta,

As per my understanding approval from the subsidiary is sufficient. Because there is no direct involvement between the holding company.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details