Increase in directors Remuneration
This query is : Resolved
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
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
18 September 2009
Thanks
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