Office or place of profit - Prohibition against director holding ‑ Whether director working as manager and as, secretary holds office of profit

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..... 961 Circular - Circulars - Companies Law - Letter : No. 8/16(1)/61 ‑ PR, dated 9 ‑ 5 ‑ 1961. Subject:- Office or place of profit - Prohibition against director holding .....

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..... therefor, then, he in fact, is a managing director and holds office of profit in the capacity of secretary. Section 314 does no apply if a director holds an office as managing director, and sectio .....

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