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What is Section 314: Directors about?

1. Section 314 of the Companies Act, 1956 regulates the appointment of directors, their relatives, firms where such directors have interest, or private companies where directors are members/directors to any office or place of profit in the company. 2. Such appointments require prior approval of shareholders by way of special resolution and approval of the Central Government if the monthly remuneration exceeds Rs. 50,000. 3. Various procedures such as board meeting, shareholders

Author

Shubham Tiwari

Language

EN