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As Director remuneration is governed by Articles for Pvt ltd co,article language is as follows:
Subject to the Provision of section 198.309,310 and 311 of the Act,MD /WTD ,shall in addition to the remuneration payable to him as a director of the company under the articles,receives such additional remuneration as may from time to time be sanctioned by the company.
I want to know whether remuneration can be more than the limits prescribed under above mentioned sections?
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in a public company, there is 1 MD, 1 WTD and 3 Non-executive directors. In the FY 2011-12 the company had a net profit of RS. 27 lacs. In the same year the company paid to its directors Rs. 13 lacs as remuneration. How can this violation be regulated?
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under what circumstances is public notice required at the time of redemption of prefrence shares?
This Query has 6 replies
is there any restriction for professional for signing the annual return for Professional i.e CA, CS, CWA
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If a Company's status changes from a wholly owned subsidiary of parent Co. to just subsidiary, is the change in equity participation ratio to be reported in the Directors' Report for the f.y. ended 31.03.2012, especially if the Company had reported itself as 100 percent subsidiary of Parent co. in previous f.y's Directors Report?
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Dear Experts,
Our LLP incorporated on 24th June, 2011.
What is the time limit and forms for Annual Filing.
waiting for your response.
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what are the obligations a private company has to follow regarding companies act, and how an auditor could make sure the compliance of those obligations while doing an audit
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we are forming a new LLP what are the documents required and fess if contribution is upto 1 Lakh.
shall I take DIN or DPIN is there any difference? I have heard that now the practice of DPIN is topped. is it true?
can any one provide draft partnership agreement?
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Dear Sir/Madam
Pursuant to the provisions of Section 149 (2A) of the Comapnies Act, 1956 a Private Limited Company does not need to pass a Special Resolution to Commence New Business stated in "Other Objects" of a Company.
Kindly note that we altered the Other Objects of the Company by inserting a new Object of Fashion Designing whereas the Main Object the Company is of Infrastructure. So, can the COmpany move ahead by Commencing the New Business without obtaining any approval fron ROC??
Also note that we have received approval from ROC regarding alteration of Other Objects of the COmpany.
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when a company receives any disclosure from the shareholders under the regulation 29(2) of SEBI (Substantial Acqisition of Shares and Takeovers) Regulation, 2011 and Disclosure under regulation 13(3) of SEBI (Prohibition of Insider Trading) Regulation, 1992, what are the documents that the company need to submit to the Stock Exchange?
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Director remuneration in private limited co