Appointment of a wtd
This query is : Resolved
21 October 2013
In a public company there are 4 Directors & all are drawing remuneration. Form 32 was filed when they were appointed. However i would like to know if there are any more compliances.
Ajay Mishra
(Expert)
21 October 2013
Hi
In case of public company you should have the proper combination of executive and non executive directors.
In case of public company you should have the proper combination of executive and non executive directors.
Ajay Mishra
(Expert)
21 October 2013
At least 50% of the Board should be non executive director who will decide the remuneration of executive directors.
21 October 2013
My company is a public company but it is not listed so i guess the executive & non executive thing is not applicable.
Ajay Mishra
(Expert)
21 October 2013
You should have such combination. For a good combination of Board.
21 October 2013
Can i pay remuneration to Directors who are not whole time directors but only Directors
Ajay Mishra
(Expert)
21 October 2013
Yes, but he should be executive director or you can change their position from non executive to executive.
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