If in case we pay salary of more than Rs.50000 to any relative of director, then what are the rules and regulations we need to compliance with??
reply asap.
Menu
Section 314
Replies (2)
Dear friend!
Sec 314 (1B) of the Companies Act, if the remuneration to specified persons exceeds 50000/- per month, the following 2 conditions are to be satisfied.
1. Special resolution by the members prior to the appointment
2.Proir approval of Central Govt.
| Originally posted by : Vishnupriya | ||
 |
Dear friend! Sec 314 (1B) of the Companies Act, if the remuneration to specified persons exceeds 50000/- per month, the following 2 conditions are to be satisfied. 1. Special resolution by the members prior to the appointment 2.Proir approval of Central Govt. |
 |
in case of contravention: appointment shall be void, and remuneration received shall be refunded and no waiving off for this.
Recent Threads
- Best CA Office Management Software Tools for 2025
- GST ON ROYALTY APPLICABLE
- Income tax Regarding Rural Agriculture land
- Need Help & Clarification in ITR filing : ITR
- HOW TO ADD BANK ACCOUNT FOR A NON RESIDENT
- Gift to son for purchasing Commercial space
- Getting error in Date of filing of form 10IEA for
- GST rate on delivery charges
- Gratuity on resignation
- ITR-3 and ITR-4 Options Missing for Updated Return
Related Threads
CAclubindia
