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Office of place of profit - limit under section 314(1)(b) of Companies Act raised to Rs.50,000 p.m and limit under section 314(1B) raised to Rs.2.50 Lakhs p.m on 12th July 2011, 2:28 pm
Club Exe
CSoC Super Master
COMPANIES (CENTRAL GOVERNMENT'S) GENERAL RULES AND FORMS (AMENDMENT) RULES, 2011 - SUBSTITUTION OF RULE 10C
NOTIFICATION [F. NO. 17/174/2011-CL.V], DATED 7-7-2011
In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956) and all other powers hereunto enabling the Central Government hereby makes the following rules, further to amend the Companies (Central Government's) General Rules and Forms, 1956 namely:-
Short title and commencement
1. (1) These rules may be called the Companies (Central Government's) General Rules and Forms (Amendment) Rules, 2011.
(2) They shall come into force with effect from the date of publication in the official Gazette.
2. The existing rule 10C shall be substituted by the following rule 10C :
"(1) Rule 10C.—The total monthly remuneration for the purpose of clause (b) of sub-section (1) of section 314, shall not be less than rupees fifty thousand.
(2) The total monthly remuneration, for the purpose of sub-section (1B) of section 314, shall not be less than rupees two lakhs and fifty thousand."
NOTIFICATION [F. NO. 17/174/2011-CL.V], DATED 7-7-2011
In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956) and all other powers hereunto enabling the Central Government hereby makes the following rules, further to amend the Companies (Central Government's) General Rules and Forms, 1956 namely:-
Short title and commencement
1. (1) These rules may be called the Companies (Central Government's) General Rules and Forms (Amendment) Rules, 2011.
(2) They shall come into force with effect from the date of publication in the official Gazette.
2. The existing rule 10C shall be substituted by the following rule 10C :
"(1) Rule 10C.—The total monthly remuneration for the purpose of clause (b) of sub-section (1) of section 314, shall not be less than rupees fifty thousand.
(2) The total monthly remuneration, for the purpose of sub-section (1B) of section 314, shall not be less than rupees two lakhs and fifty thousand."
2 Reply on 3rd August 2011, 12:13 pm
Sumit87
CSoC Smart User
Thanks Really Helpful....
3 Re: Office of place of profit - limit under section 314(1)(b) of Companies Act raised to Rs.50,000 p.m and limit under section 314(1B) raised to Rs.2.50 Lakhs p.m on 19th August 2011, 2:14 pm
mishra87
Thanks for the update.
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