CA Adarsh Agrawal (CMD of SHAYVIDZ Group) 23 April 2010
Suessen Textile Bearings Ltd. Vs. Union of India (1984)
Guarantee commission given to directors for giving surety against loans or credit facilities taken by company from Financial Institutions is NOT a remuneration u/s.309.No central government approval. Nothing linked with his directorship. Sec.198 not attracted.
Member Strength 9,46,696 and growing..
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
