My query is regarding whether Board Resolution needed or not?
The situation is there is a Director named Anup Mehta of a Company who is also a KEY MANAGERIAL PERSON. His son Kush Mehta draws Salary in that company as he looks after a business too. But Kush ie son is neither a Director nor MD.
My question is
1)Whether Board resoution needed for Relative Party for drawing Salary as he falls under relative, If do kindly support with relevant section.
Thank you,
Regards,
Ajay
CAclubindia
