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.

21 October 2013 Hi

In case of public company you should have the proper combination of executive and non executive directors.


21 October 2013 what is the proper combination

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.

21 October 2013 You should have such combination. For a good combination of Board.

21 October 2013 What are the other formalities

21 October 2013 Can i pay remuneration to Directors who are not whole time directors but only Directors

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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