On the letter head of the Company EXTRACTS FROM THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE COMPANY HELD ON AUGUST 14, 2009 AT 10.00 A.M AT Reg.Office address of the Company.
INCREASE OF REMUNERATION PAYABLE TO DIRECTOR
The Board discussed necessity of increasing remuneration of Rs.50,000/- payable to Mr.___________, Director of the Company, Accordingly, it was
“Resolved that consent of Board of Directors be and is hereby accorded to increase remuneration payable to Mr. ¬¬¬¬¬¬¬¬________ from Rs._________ /- per month to the Rs.______ /-per month with effect from August 01, 2009”.
24 April 2011
under sec. 314.... board cannot have the authority to pass resolution,,,
and one thing.. u not mention the nature of the post of director.... because sec. 314 applicable only if the director hold office other than his directorship....
CAclubindia
