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.
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.
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.
Shaswat initial support private limited
Ahmedabad
CS
View Details
CMNITY HIRE
New Delhi
Others
View Details
Karia Overseas
Ahmedabad
CA
View Details
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
CAclubindia
