IS SECTION 314 OF COMPANIES ACT ATTRACTED WHEN SON OF M.D APPOINTED AS TECHNICAL ADVISER IN THE COMPANY
priyanka manawat (service) (138 Points)
13 June 2009IS SECTION 314 OF COMPANIES ACT ATTRACTED WHEN SON OF M.D APPOINTED AS TECHNICAL ADVISER IN THE COMPANY
vivek
(CS)
(751 Points)
Replied 28 May 2010
the section 314 will attract and approval will have to be taken
Kumar
(Article)
(922 Points)
Replied 30 May 2010
No...Sec 314 will not be attracted....
Sec 314 is not applicable when some one is provides services of professional nature without being on regular pay..............
I assume technical advisor is professional and is hired for some assignment............
Correct me if m wrong
Rasesh
(CS CWA MBA (Fin) B.Com LL.B (Spl))
(6501 Points)
Replied 30 May 2010
If the appointment is as a technical adviser on retainership basis, then yes, 314 will be attracted.
vivek
(CS)
(751 Points)
Replied 31 May 2010
the important thing is if it is assignment based job or one time then it will not be applicable but if it is on retainership model or regular nature u will have to comply the section
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 31 May 2010
| Originally posted by : Rasesh | ||
 |
If the appointment is as a technical adviser on retainership basis, then yes, 314 will be attracted. |
 |
No doubt about the observation of learned member. Thanks
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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