R P Murari (Asso. Director) (28 Points)
09 March 2010Dear Sir/Madam,
Are there any restrictions in appointing a close relative of an existing Director ,in a Private Limited Company, as a senior executive.
The major stake holder is a listed company in Singapore, I understand that the rules of a Public Limitied Company appies in certain cases - does the appoint ment of Sr Executive fall in this catagory?
If it does, what are the approvals to be got?
R P Murari
Jagruti (CS)
(Service)
(1953 Points)
Replied 09 March 2010
For Appointing relative as Executive Director or WTD Section 314 will be applicable unless provision of Schedule XIII are complied with.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
