Whole time director

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 October 2014 WHETHER WHOLE TIME DIRECTOR SHALL BE TREATED AS EMPLOYEE FOR THE PURPOSE OF SECTION 217(2A), PARTICULARS OF EMPLOYEES IN DIRECTORS REPORT??

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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07 October 2014 Yes.

Whole-time director is treated as an employee

Ankur Garg

Ankur Garg (Expert)
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07 October 2014 Yes WTD will be treated as an employee from the point of view of disclosure of his remuneration. You are further advised to show his CTC for compliance of section 217(2A).

Many company tend to avoid disclosure on the basis of take home salary which is not a correct view.

Thanks

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