Daily Compliance Dose

Section III – Sch V

When the Company is newly incorporated company it may pay remuneration to Managerial Personnel up to the two times remuneration permissible under Section II of Sch V till seven years from date of incorporation.

See you tomorrow.

Thursday, May 26, 2016

Section 185 - List of Persons & Body Corporates



Section 185 - Loan to Director

Applicable to following List of Persons & Body Corporates:


Sr No.
Particulars
1
Director(s) of the Company
2
Director(s) of the Holding Company
3
Any Partner of (1) and (2)
4
Any Relative of (1) and (2)
5
Firm in which (1), (2) and (4) is partner
6
Private Company in which (1) and (2) are Director or member
7
Body Corporate in which (1) and (2) singly or jointly holding 25% voting power at General Meeting
8
Body Corporate - Board, MD or manager of which is accustomed to act with the directions or instructions of the Board of Directors of the Company or any one from (1)
 




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