Reduction of remuneration of whole time director
This query is : Resolved
prakash kumar
(Querist)
03 January 2013
How can an unlisted public company (having loss) reduce the remuneration of whole time director? Such WTD has been appointed as per Schdule XIII. Please assist me.
Ajay Mishra
(Expert)
03 January 2013
Hi
You can reduce remuneration of WTD as per Schedule XIII with section 198 and 309 of the Companies Act, 1956 by passing of special resolution.
You can reduce remuneration of WTD as per Schedule XIII with section 198 and 309 of the Companies Act, 1956 by passing of special resolution.
prakash kumar
(Querist)
04 January 2013
Thanks Sir
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