Section 314

Dear Members.

Its regarding Section 314. Section 314 is applicable to the directors of Comapany. Does it applicable to Managing Directors also. Is there any circular/ notification clarifying the applicability of provision of this section.

 

Please Reply

 

 

Replies (7)

Hello,

 

As per sec 314 1b if he is holding the office of MD/Manager then this sec would not apply.

Further clarification is welcomed.

 

Regards

Nidhi

Sec 314(1) is not applied to M.D, however sec 314(1B) is also applied to M.D according to which if M.D is relative, partner etc.. of director and M.D is to get remuneration of  50000 or more per month then prior spl. resolution and prior govt. approval is required.

50,000 amount is now changed to 2,50,000.

thanks members

Hi Rachit

Sec 314(1) is not applied to M.D, however sec 314(1B) is also applied to M.D according to which if M.D is relative, partner etc.. of director and M.D is to get remuneration of  50000 or more per month then prior spl. resolution and prior govt. approval is required.

 

 

My Querry is, whether the relative of Managing Director also covered under this section. In other words, Does the term Director mentioned in section 314 cover the Managing Director also.

Please Clarify

 

Definatly yes. The Managing Director is also Director of the company.

Section 314 is not applicable for appointment of managing director. Refer Section 314(1)...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details