Appointment of MD


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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2010 As per Sch. XIII, the Remuneration committee shall consist of 3 Non-Executive independent directors...however, my co. has only 2 of them...how should i proceed..do i need to include 1 more person....or is there any other way...pls. reply

Ankur Garg (Expert)
21 December 2010 Hi,

Sch XIII is applicable only on a public company.

In your case there is no escape route and you have to increase the strength of your Board by appointing one more director.

Regards

Ajay Mishra (Expert)
22 December 2010 Agreed with Mr. Ankur Sir............

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2010 ok..i will do that...thanks for the reply


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