Re: [CSMysore] Section 217(2A). Clarification of term "Employee"

[CS Shainshad Aduvanni]

Dear Deepesh,

MD is not an employee under section 217(2A).

This is department clarification - Mysore Kirloskar ltd. 11-11-1975.

Regards

On 18 May 2013 14:54, Deepesh Nayak <csdeepe...@gmail.com> wrote:

Dear Friends,

Dear Members Kindly clarify whether the Managing Director of a Company will be termed as Employee of the Company within the meaning of Section 217(2A) of the Companies Act, 1956. (Note : My company MD is drawing remuneration in excess of Rs.2.00 lacs per month [24.00 lacs per annum]. I want to know whether the details of his remuneration need to be included with the Directors Report. with regards Muralidharan

Read more at: http://www.caclubindia.com/forum/section-217-2a-companies-act-34028.asp

Kindly clarify whether a Non-Executive Director, who is drawing remuneration from the company will be termed as "Employee" of the Company within the meaning of 217(2A) of the Companies Act, 1956.???

In my Company a NED, drawing remuneration in excess of Rs. 5 lacs per month (1 Crore Per Annum). Whether his remuneration details need to be disclosed in the Director Report as per section 217(2A).

Please reply soon.

Regards,'
CS Deepesh

Read more at: http://www.caclubindia.com/forum/section-217-2a-companies-act-34028.asp

Kindly clarify whether the Managing Director of a Company will be termed as Employee of the Company within the meaning of Section 217(2A) of the Companies Act, 1956. (Note : My company MD is drawing remuneration in excess of Rs.2.00 lacs per month [24.00 lacs per annum]. I want to know whether the details of his remuneration need to be included with the Directors Report. with regards Muralidharan

Read more at: http://www.caclubindia.com/forum/section-217-2a-companies-act-34028.asp

Dear Members Kindly clarify whether the Managing Director of a Company will be termed as Employee of the Company within the meaning of Section 217(2A) of the Companies Act, 1956. (Note : My company MD is drawing remuneration in excess of Rs.2.00 lacs per month [24.00 lacs per annum]. I want to know whether the details of his remuneration need to be included with the Directors Report. with regards Muralidharan

Read more at: http://www.caclubindia.com/forum/section-217-2a-companies-act-34028.asp

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CS Shainshad Aduvanni
Company Secretary
Coimbatore

09841414439

[Deepesh Nayak]

Ok, so if NED is drawing rem in excess of prescribed limit, then his details need to be disclosed in the Dir Report.?? can you define the term "Employee" under section 217(2A).

Please.

Thanking you,

*Deepesh Kumar Nayak*
 Company Secretary
 STI India Limited
 Indore (Madhya Pradesh)
*Mob. 097134-80215*
*csdeepe...@gmail.com*