My company is foreign subsidiary Private Limited company. We had paid 2,34,960/- Rs to our director for providing project support consultancy. and same amount paid to a company in which this director is appointed as Director.
my query is, is this transaction is covered under section 314 of Companies Act, 1956 or section 301 of companies Act?y
If yes, then please provide me complete Procedure of concern section.
CAclubindia
