Query on sec 314

point.no.1 to fall under the ambit of s.314, the person shud be a director or employed under the company. point.no.2 the criteria mentioned in s.314 is remuneration or monthly payment. so, to conclude, * the spouse of dir. is not a dir in the company, nor employed under the company. so, he cannot be covered under s.314 ** if at all, for suppose, even if he was covered under s.314, if the monthly pay is less than 50000rs, s.314 need not be complied. --S @ T#06 @ M--

point.no.1 to fall under the ambit of s.314, the person shud be a director or employed under the company. point.no.2 the criteria mentioned in s.314 is remuneration or monthly payment. so, to conclude, * the spouse of dir. is not a dir in the company, nor employed under the company. so, he cannot be covered under s.314 ** if at all, for suppose, even if he was covered under s.314, if the monthly pay is less than 50000rs, s.314 need not be complied. --S @ T#06 @ M--