Managerail Remuneration
This query is : Resolved
Ajeet Kumar
(Querist)
23 February 2011
Our co is pvt ltd co & also nbfc then what is procedure to increase directors/ md salary
whether it can be approved by Board or shareholders also required
whether it can be approved by Board or shareholders also required
Sunil Kr. Sanganeria
(Expert)
23 February 2011
Please go through the Articles of association and act accordingly.
As per Companies Act maximum number of Director can be 12 and a Pvt Ltd Company can pay any amount to its director as a manegerial remuneration.
As per Companies Act maximum number of Director can be 12 and a Pvt Ltd Company can pay any amount to its director as a manegerial remuneration.
ADITI BIDASARIA
(Expert)
24 February 2011
1.If you want to appoint an additional director, authorisation in Articles + Approval of Board is required and u can regularise them in AGM of the Company, Otherwise appoint the directors in the General Meeting of the Company.
2. There is no limit on the salary of the directors in pvt. ltd. company.
3. For the NBFCs Company,Information need to be sent to RBI in regard to change of directors within 30 days of change.
2. There is no limit on the salary of the directors in pvt. ltd. company.
3. For the NBFCs Company,Information need to be sent to RBI in regard to change of directors within 30 days of change.
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