11 April 2010
Meaning In ordinary parlance, an office or place of profit means an office or profit or position, which brings to the person holding it some pecuniary gain or advantage or benefit. It will be an office or place of profit if it carries some
11 April 2010
As stated by experts, the clause contains provisions for an office or place of profit by a specified set of persons. The section further provides as to when board approval would be sufficient, when members approval is required and when central government approval is required.
There is an article on legal services india by a company secretary which explains in detail all what you would require. Please see the link: http://www.legalserviceindia.com/articles/gp_office.htm
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