Dear All,
Is schedule V of the Companies Act, 2013 applicable to Private Limited Companies.
I opine that section 196 is applicable to private limited companies but section 197 and schedule V of the companies act, 2013 are not applicable for private limited companies.
seeking opinion of experts.
Yes pl. I agree with your interpretation.
MANUJ SHARMA AND COMPANY
Noida
CA Inter
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Rohit KC Jain & Co
New Delhi
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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PARV & Co.
New Delhi
CA Inter
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Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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CCI
Pro
CAclubindia
