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Increase in the remuneration of a wtd

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(Querist)
18 September 2012 Is any approval of shareholders require for increase in the remuneration of a WTD of a Pvt. Ltd. Company?

Whether any Return need to be filed with the McA like Form 25A?25C for such increase?
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Ajay Mishra

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Ajay Mishra (Expert)
18 September 2012 Hi

No need to file any Form-for increasing of director/MD/WTD remuneration of private limited company. The provisions of remuneration of the Companies Act, will not apply to private limited company but their remuneration will govern by their articles.
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