https://www.taxtmi.com/caselaws?id=98249 Remuneration paid to a director for services rendered in a distinct capacity, such as part-time technical adviser, was treated as outside the director-remuneration ceiling in section 309 of the Companies Act, 1956, so approval under section 310 was not required for that component. Section 637A was read as permitting only conditions that are germane to the statutory purpose of the approval; conditions based on unrelated income or third-party shareholdings were therefore impermissible. Where additional remuneration was proposed for directorial work, approval under section 310 was required, but any attached conditions still had to satisfy the limits of section 637A and were to be reconsidered if not properly linked to the statutory object. en-us Thu, 09 Sep 1965 00:00:00 +0530 Thu, 19 Jan 2012 17:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98249 Remuneration paid to a director for services rendered in a distinct capacity, such as part-time technical adviser, was treated as outside the director-remuneration ceiling in section 309 of the Companies Act, 1956, so approval under section 310 was not required for that component. Section 637A was read as permitting only conditions that are germane to the statutory purpose of the approval; conditions based on unrelated income or third-party shareholdings were therefore impermissible. Where additional remuneration was proposed for directorial work, approval under section 310 was required, but any attached conditions still had to satisfy the limits of section 637A and were to be reconsidered if not properly linked to the statutory object. Case-Laws Companies Law Thu, 09 Sep 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98249