Section 314 QUERY

Shanmuga Priya (Company Secretary) (294 Points)

05 February 2010  

Hi,

Mr X son of Director holds technical qualification from U.K and is appointed as employee in Holding company with a remuneration of Rs.55,000/- p.m

Mr X is also a Director in the Subsidiary company. Can he receive remuneration from this company also.

Now the query is whether section 314 is applicable. Please clarify