Approval under section 314(1B) required only for relatives appointed other than as whole time or managing directors. Approval under section 314(1B) is required only when a relative is appointed in a capacity other than as a whole time or managing director; appointments of relatives as whole time or managing directors are outside that approval requirement, provided the office is not treated as an office or place of profit beyond the managing or whole time director remuneration. Central Government approval under section 269 is required for appointment of a whole time director unless the conditions of Schedule XIII are satisfied.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 314(1B) required only for relatives appointed other than as whole time or managing directors.
Approval under section 314(1B) is required only when a relative is appointed in a capacity other than as a whole time or managing director; appointments of relatives as whole time or managing directors are outside that approval requirement, provided the office is not treated as an office or place of profit beyond the managing or whole time director remuneration. Central Government approval under section 269 is required for appointment of a whole time director unless the conditions of Schedule XIII are satisfied.
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