Rakesh Joshi
(CA Final)
(1272 Points)
Replied 16 October 2018
vinay
(CS PROFESSIONAL)
(94 Points)
Replied 16 October 2018
Hai Aakash..,
remuneration to director will not come under section 188 of companies act 2013.
And discloure in AOC-2 and approval from board is not required under section 188.
Aakash
(Article Assistant under CA firm)
(65 Points)
Replied 16 October 2018
Thanks! One more query, What if salary is given to relative of director?
vinay
(CS PROFESSIONAL)
(94 Points)
Replied 16 October 2018
It is considered as related party transaction under As 18 but not conisdered in section 188(1) of the Co. Act 2013.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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