about section 217 (2A) of the Companies Act, 1956

This query is : Resolved

CS Somnath Kagade, BcomCSLLB (Querist)
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15 September 2009 Dear sir,
I would like to ask the following query and suggestion on the same as expert view.

Whether 217(2A) will come into picture (as Annexure to the Board Report 2008-2009) if the Employee is getting the salary is Rs. 23 lacs p. a but in the month of october 2008 he has given salary of Rs. 240,000/-(Gross Salary including Bonus), will it be necessary to show (annex)with annual report for ROC compliances whenever filing of form 23AC (filing of Balance sheet)with the office of Registrar of Compnies?

Your expert suggestion will solicit.

Please help in the same immediately.

Thanking you,

regards,

CS Somnath Kagade
Company Secretary
Pune

SUBRAMONY V

SUBRAMONY V (Expert)
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17 September 2009 If he is employed for whole FY year and his remuneration is less than 24 Laksh you need not have to report.

further if he is employed for part of FY and in any month he had drawn for more than 2 Lakhs then you need to report.