Rohit Verma (CA Final) (39 Points)
21 November 2009In case of Private Limited Company,
Whether it is complusory to take approval of Central Government for Increase in Director/Managing Director's Remenuneration ??
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 21 November 2009
No it is not required at all. However if section 314(1B) is applicable and salary is more than 50000 p.m. then you may require CG approval.
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