Enhancement of remuneration of wtd
This query is : Resolved
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 .
A)Is Section 314 Applicable
B)if not then is it sufficient to pass Ordinary Resolution in General meeting..
Please guide me .
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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