29 November 2010
dear all, an independant director of a private ltd company is not in receipt of any remmuneration but is a technical consultant of the co. on retainership basis, is he a director holding an office or place of profit, if so what are the applicable provisions with section no.
29 November 2010
Since the Director is not in receipt of any remuneration as Technical consultant, provisions of section 314 are not attracted in this case...