Increase in directors Remuneration
This query is : Resolved
CS Vandana Kacholia
(Querist)
18 September 2009
As Section 309 & 310 of Companies Act, related to remuneration of directors are not applicable to private companies so is it require to pass board resolution for increase in remuneration of directors or MD??
Kindly suggest and provide format of relevant resolution!!
Regards
Vandana Kacholia
Kindly suggest and provide format of relevant resolution!!
Regards
Vandana Kacholia
Ankur Garg
(Expert)
18 September 2009
Hi Vandana,
Board resolution is always necessary.
We need to to consider BR as a method to record all the imp financial and other activity through the minutes.
So pass a simple resolution refering provisions of your AOA and other applicable provisions of companies act, 1956.
Regards
Board resolution is always necessary.
We need to to consider BR as a method to record all the imp financial and other activity through the minutes.
So pass a simple resolution refering provisions of your AOA and other applicable provisions of companies act, 1956.
Regards
CS Vandana Kacholia
(Querist)
18 September 2009
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital gain on commercial property and investment in residential property
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
