Section 314 of company's act

568 views 1 replies

Hello frnds,

Can anyone of u explain me section 314 of co. act ina  simple way????  It is regarding Director holding office of place or profit.It is a bit confusing.

Replies (1)

Dear Anjali ji,

 

Not detailing and not covering the relatives of director just to give an overview:

 

If any director, holding the office of Director, obtaines from the Company, anything by way of salary, remuneration, fee, commission, perquisites or otherwise, over and above to which he is entitled as a director of a company, section 314 will be attracted and it shall be treated as office or place of profit.

 

 

Limits:

Below Rs. 50000/- p.m. Approval of Shareholders by way of Special Resolution

 

upto 50,000/- p.m. Prior approval of shareholders by way of Special Resolution

 

More than 50,000/- approval of central government

 

(However, in case of relative of directors, the limit of Rs. 50000/- has been extended to Rs. 2,50,000/-)

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details