Conditions for appointment of managing/whole-time Director - Expenses incurred on travelling and transportation of personal effects of managing or whole-time director or manager
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Reimbursement of director travel and personal effects transport permitted if company rules allow, without external approval. Expenses on travel of a managing or whole-time director or manager and family and on transportation of personal effects on expiry of tenure are not perquisites and are not covered by Schedule XIII; companies may incur such expenses if the company's travelling rules provide for them, and no Central Government approval is required.
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.
Reimbursement of director travel and personal effects transport permitted if company rules allow, without external approval.
Expenses on travel of a managing or whole-time director or manager and family and on transportation of personal effects on expiry of tenure are not perquisites and are not covered by Schedule XIII; companies may incur such expenses if the company's travelling rules provide for them, and no Central Government approval is required.
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