Office or place of profit definition

Office or place of profit means any office or place—
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Office or place of profit means any office or place—(i) where such office or place is held by a director, if the director holding it, receives from NALCO anything by way of remuneration over and above the remuneration to which he is entitled as director, by way of salary, fee, commission, perquisites, any rent‐free accommodation, or otherwise;(ii) where such office or place is held by an individual other than a director or by any firm, private Company or other body corporate, if the individual, firm, private Company or body corporate holding it, receives from NALCO anything by way of remuneration, salary, fee, commission, perquisites, any rent‐free accommodation, or otherwise.
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Office or place of profit means any office or place of profit:(i) is held by a director, if the director holding it receives from the company anything by way of remuneration, over and above the remuneration to which he is entitled as director, by way of salary, fee, commission, perquisites, any rent-free accommodation, or otherwise; (ii) is held by an individual other than a director or by any firm, private company or other body corporate, if the individual, firm, private company or body corporate holding it receives from the company anything by way of remuneration, salary, fee, commission, perquisites, any rent-free accommodation, or otherwise.
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Examples of Office or place of profit in a sentence

  • Office or place of profit of Director No director or other person referred to in Section 188 of the Act shall hold an office or place of profit save as permitted by that Section and the Companies (Meetings of Board and its Powers) Rules, 2014.

  • WilcoxDirectorNil3.680.804.48*The remuneration paid to Non-Executive Directors includes commission and sitting fees paid towards attending the Board Meeting and Other Committee Meetings held during the year.Mr. Vish Tadimety and Mr. Steven Jeske hold Office or place of profit as Directors in the wholly owned subsidiaries, CyberTech Systems and Software Inc.

  • Mr. Udit Seth holds Bachelor’s degree in science from USA and has worked with the Company as the Vice President-Sales & Marketing, an office/place of profit in the Company for reviewing and developing new marketing strategies and improving company operations and was associated with the Company in the capacity of Executive Director (related party’s appointment in Office or place of profit- not on the Board) before his appointment.

  • Office or place of profit 81, 81 (1A)314Extra Ordinary General Meeting was held on Wednesday the 30th December, 2009 at 3:00 pm at M.

  • Appointment of Statutory Auditors of the Company.2. Amendment in Article 121 A (ii) of Articles of Association of the Company.3. Holding an Office or place of profit by a relative of a Director.4. Re-appointment of Shri Rajesh Vedvyas as Managing Director.13th AGMAugust 06, 201211:30 A.M.Air Force Auditorium, New Delhi1.


More Definitions of Office or place of profit

Office or place of profit means office or place of profit as defined under the Act.
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Office or place of profit as per Section 188 of the Act means any office or place:
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Office or place of profit means any office or place of profit as defined Applicable Laws.
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Office or place of profit means as provided in section-188 of the Act.
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Office or place of profit means an office or place where such office or place is held by a KMP and receives from the Bank anything by way of remuneration over and above the remuneration to which he is entitled as KMP, by way of salary, fee, perquisites, incentive, any rent-free accommodation etc. or otherwise as may be fixed by the Central Government from time to time;
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Office or place of profit under Section 188 means any office or place—
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Office or place of profit. ’ means any office or place held by a director, and if he receives by way of remunerations over and above the remuneration to which he is entitled as director, by way of salary, fee, commission, perquisites, any rent-free accommodation, or otherwise held by an individual other than a director or by any firm, private company or other body corporate, and they receive by way of remuneration, salary, fee, commission, perquisites, any rent-free accommodation, or otherwise.
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