https://www.taxtmi.com/circulars?id=10885 The prohibition on a director holding an office or place of profit depends on whether the director receives remuneration over and above the pay to which he is entitled as a managing or whole time director; remuneration that is the director's entitled pay does not make the position an office or place of profit for the prohibition to apply. en-us Wed, 11 Feb 1976 00:00:00 +0530 Fri, 17 Jun 2011 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10885 The prohibition on a director holding an office or place of profit depends on whether the director receives remuneration over and above the pay to which he is entitled as a managing or whole time director; remuneration that is the director's entitled pay does not make the position an office or place of profit for the prohibition to apply. Circulars Companies Law Wed, 11 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10885