Payment to director, etc., for loss of office, etc., in connection with transfer of undertaking or property.

Payment to director, etc., for loss of office, etc., in connection with transfer of undertaking or property. https://www.taxtmi.com/acts?id=12660 Prohibits directors receiving payments for loss of office or retirement connected to transfer of undertakings or property unless particulars (including amount) are disclosed to members and the proposal is approved in general meeting; amounts received in contravention are held in trust for the company, without affecting the operation of the related statutory provision. en-us Fri, 13 May 2011 18:45:02 +0530 Fri, 13 May 2011 18:45:02 +0530 TaxTMI RSS Generator Payment to director, etc., for loss of office, etc., in connection with transfer of undertaking or property. https://www.taxtmi.com/acts?id=12660 Prohibits directors receiving payments for loss of office or retirement connected to transfer of undertakings or property unless particulars (including amount) are disclosed to members and the proposal is approved in general meeting; amounts received in contravention are held in trust for the company, without affecting the operation of the related statutory provision. Act-Rules Companies Law Fri, 13 May 2011 18:45:02 +0530 https://www.taxtmi.com/acts?id=12660