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Appointment of director's relative as employee

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(Querist)
04 January 2012 In a Private Limited Company, the Managing Director appointed his wife (not a share holder of the company) as the Manager of the company with a monthly remuneration. Does any resolution required? Whether sec. 314 of the Companies Act apply here?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
04 January 2012 Section 314 will be applicable only if total monthly remuneration exceed Rs. 50,000/-
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
04 January 2012 Further Section 314(1) specifically exclude 4 offices or place of profit, namely - MD, Manager, banker & debenture trustee.
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