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

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..... rector 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 sections 198, 269 and 309, etc., will be attracted.

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