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[Cites 0, Cited by 11] [Section 309] [Entire Act]

Union of India - Subsection

Section 309(5A) in The Companies Act, 1956

(5A)[If any Director draws or receives, directly or indirectly, by way of remuneration any such sums in excess of the limit prescribed by this section or without the prior sanction of the Central Government, where it is required, he shall refund such sums to the company and until such sum is refunded, hold it in trust for the company.