Increase in the remuneration of a wtd
This query is : Resolved
ARUN KUMAR MAITRA
(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?
Whether any Return need to be filed with the McA like Form 25A?25C for such increase?
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.
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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