Can be an executive director without remunaration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 August 2013 Dear Sir

is it possible to appoint a person as an executive director with out remuneration and filing of form no.25c is required
Please share is there is any procedure for that and formats for appointment

thanks in advance
K Madhusudhana Rao

Ajay Mishra

Ajay Mishra (Expert)
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05 August 2013 Hi

As per 269, if you appointed Managing Director/Manager/WTD, then it is not necessary to pay remuneration. You can appoint him without remuneration.

I also appointed a MD and WTD without remuneration and file 25C accordingly.

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