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Reappiontment of Managing Director

This query is : Resolved 
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(Querist)
12 May 2010 Hi all,
Plz Provide me Resolution & Expilanatory Statement of Reappointment of M.D. for Further Period Five Year
Can we pass a resolution in advance to fixation of remunration of M.D. for future Inadequate Profit?
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Rasesh

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Rasesh (Expert)
13 May 2010 Yes, you can fix the remuneration even in case of inadequate profits provided it is within the limits of schedule XIII. If it is in excess of the limits, then the remuneration would be subject to central government's approval.
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