Poonawalla fincorps
Poonawalla fincorps

Company law

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(Querist)
03 December 2009 Please tell me As per Sec.314 1B,For managing director salary exceeds more the Rs.50000/- Cental Governament approval necessary or not.
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Ankur Garg

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Ankur Garg (Expert)
03 December 2009 If your MD is not on office or place of profit u/s 314(3) then CG approval not required.

Please visit the link below:

https://www.caclubindia.com/forum/messages/2009/12/57976_section_314.asp

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