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Enhancement of remuneration of wtd

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(Querist)
16 January 2012 In a Company if we want to enhance the remuneration of Whole Time Director which is exceeding Rs 50000 and WTD is Brother in law of Managing Director ,then :
A)Is Section 314 Applicable
B)if not then is it sufficient to pass Ordinary Resolution in General meeting..
Please guide me .
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Jagruti (CS)

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Jagruti (CS) (Expert)
17 January 2012 Section 314 is not applicable in case of appointment of WTD. And he can be paid remuneration as per Sec 309 and Schedule XIII.
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