Companies act 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2014
Sir
In 1 of the private limited company salary is paid to 3 relatives of directors. Is there any compliance required like special resolution, approval in AGM or intimation to ROC. It also desires to get a rented property from a relative of director. Guide regarding the compliances.
Thanking you
In 1 of the private limited company salary is paid to 3 relatives of directors. Is there any compliance required like special resolution, approval in AGM or intimation to ROC. It also desires to get a rented property from a relative of director. Guide regarding the compliances.
Thanking you
05 December 2014
As per Section 188 (1)(f) of the Companies Act, 2013 Board resolution is mandatory for related party's appointment to any office or place of profit in the company.
If monthly remuneration exceeds 2.5 Lakhs, special resolution is mandatory.
If special resolution is passed you have to file form MGT-14 with ROC within 30 days.
Central government approval is removed under 2013 Act.
If monthly remuneration exceeds 2.5 Lakhs, special resolution is mandatory.
If special resolution is passed you have to file form MGT-14 with ROC within 30 days.
Central government approval is removed under 2013 Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
