20 July 2009
Under Section 214(1)-A holding company may, by resolution, authorise representatives to inspect the books of account kept by any of its subsidiaries at any time during business hours.
And Under Section 314(1B)- No Director or relative of director shall hold any office or place of profit in the company except with the prior consent of the company by a special resolution and the approval of the Central Government. Place of profit means that person carries a total monthly remuneration of not less Rs. 50,000 per month.
CAclubindia
