Section 190 of CA 2013 : Section 190: Contract Of Employment With Managing Or Whole-Time Directors
CA 2013
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Explanation using Example
Imagine a scenario where XYZ Ltd. has recently appointed a new managing director, Mr. John Smith. The appointment is formalized through a written contract that outlines Mr. Smith's salary, duties, benefits, and other terms of employment.
As per Section 190 of the Companies Act, 2013, XYZ Ltd. is required to keep a copy of this written contract at its registered office. This allows any...
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