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Board resolution

pratik daga (ACCOUNT MANAGER) (25 Points)

14 June 2016

Hie Sir/ Madam,

Greetings!!

we want to reduce the remuneration of director due to crisis of fund and the european market are fall down. so please send me board resolution pass this. its very urgent

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4 Replies

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 14 June 2016

Take a letter from the director for surrendering part of his salary and place before the Board for noting.

pratik daga (ACCOUNT MANAGER) (25 Points)
Replied 14 June 2016

Sir, thats i have taken already, i need to prepare the Resolution. so please send me the board resolution on the above matter if it is possible

Mandar (Associate) (561 Points)
Replied 14 June 2016

Hello ,

“RESOLVED THAT pursuant of the provisions of the Companies Act, 2013 (“the Act”), approval of the board of directors of the company be and is hereby accorded for payment of salary to Mr. ABC from June 14, 2016 in such manner as the Board may determine from time to time and upto the extent of Rs. 200,000/- (Rs. Two Lacs only) per month.”

“RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board be and is hereby authorised to take all actions and do all such deeds, matters and things, as it may in its absolute discretion deem necessary, proper or desirable and to settle any question, difficulty or doubt that may arise in this regard.”

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