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Increase in managerial remuneration

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 May 2017 Dear Members,
Please let me know whether the resolution of Board of Directors to increase the total managerial remuneration (in excess of 11 % of the Net profit) payable to all directors can be passed by circulation or it is mandatory to pass it at a Board Meeting?
Please suggest.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
24 May 2017 it can be passed by circulation
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 May 2017 Thanks a lot sir for your reply.
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