Is section 314 applicable to private companies?
5 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 22 November 2010
Yes...it is applicable
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 22 November 2010
Ofcouse.. Applicable.
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 22 November 2010
Yes,
Section 314 of the Companies Act, 1956 will apply to bothe company private as well as public limited company.
Shraddha Shukla
(Corporate law Consultant)
(346 Points)
Replied 22 November 2010
thanks all.. even i thought so..
punit
(CA final)
(290 Points)
Replied 23 November 2010
ya miss shardha section 314 place of profit is applicable on private compnay
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