Urgent please

mr. X director of pvt. Ltd. Company want to appoint their two sons as employee in the co. but actually they will come only for a weak in a month can we do full salary of the month or can we appoint him also as directors?

Replies (6)

If you want to appoint him as  employees, you can do so and you can give him salary for full month. However, section 314 will apply.

 

Best way is to appoint them directors (whole time) of the company.

 

 

ok but after appointing him as director should we also allot them shares?

Rightly pointed out by Mr. Ankur. However Section 314 (1) (b) will apply only when Mr. X, director (i.e. their father) will hold office of place of profit in the company. If Mr. X is just a director i.e. he is not holding office or place of profit section 314 (1) (b) will not apply. Also pls note that section 314 (1B) will apply if payment is more than Rs. 2.50 lacs per month to his sons as employee.
In a private company it is not necessary to allot qualification shares to directors under section 270 of the Companies Act, 1956.

Thanks for info Neha

FOLLOW NEHA

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

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

Workforce Connect

Mumbai

MBA

View Details
Follow