Minutes of remuneration committee

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manisha kejriwal

manisha kejriwal (Querist)
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25 August 2012 Plz some one provide with format of Remuneration committee meeting

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25 August 2012 MINUTES OF THE MEETING OF REMUNERATION COMMITTEE OF HELD AT CORPORATE OFFICE OF THE COMPANY AT on DATE AT 01:00 P.M.

PRESENT:

1. Mr. ABC (Chairman)
2. Mr. XYZ (Member)
3. Mr. BCD (Member)

IN ATTENDANCE:

1. Mrs. GAU (Company Secretary)

APPOINTMENT OF CHAIRPERSON:

Mr. ABC, occupied the Chair of the meeting, he welcomed all the members of the Committee and commenced the meeting.

LEAVE OF ABSENCE

As all the members of the Committee were present no leave of absence was granted.

APPOINTMENT OF MR. DDD AS CHAIRMAN & MANAGING DIRECTOR

The Chairman informed that the Board has given a reference to the Committee for consideration and recommendation on the appointment, terms, conditions and remuneration payable to Mr. DDD as Chairman & Managing director which may be further considered by the Board before placing of the business at the general meeting for the approval of the members.

The Committee considered the various matters relating thereto including, the profitability of the Company, experience of directors, future business prospectus, effect of their appointment in the effective management of the affairs of the company etc.

After due discussion the Committee passed the following resolutions unanimously:

“RESOLVED THAT in terms of article 97 and 107 of Article of Association of the Company and pursuant to Section 198, 269, 309 and 311 and other applicable provisions, if any, of the Companies Act, 1956 (including any statutory modifications or re-enactment thereof for the time being in force) read with Schedule XIII of the said Act, the Remuneration Committee be and hereby recommend to the Board for the appointment of Mr. DDD, as the Chairman & Managing director of the Company, with effect from for a period of five years.”

“RESOLVED FURTHER THAT Chairman of the meeting be and is hereby requested to submit the minutes of the Committee meeting to the Board of directors for their further needful.”

NEXT COMMITTEE MEETING:

The next meeting of Remuneration Committee will be held on a date, time and place to be decided in consultation with the Chairman.

VOTE OF THANKS:

There being no other business, the meeting concluded with a vote of thanks to the chair.

Place:
Dated:

(CHAIRPERSON)

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manisha kejriwal

manisha kejriwal (Querist)
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27 August 2012 Thank you..

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