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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details