Remunaration increased of wtd
This query is : Resolved
27 June 2013
URGENT.................
Dear sir
My Co,Want to increase remunaration of WTD ,,,,,
my Q is that when C.G approval is Taken After increase or before increase
Thanks
URGENT.................
Dear sir
My Co,Want to increase remunaration of WTD ,,,,,
my Q is that when C.G approval is Taken After increase or before increase
Thanks
Ajay Mishra
(Expert)
28 June 2013
Hi
Central Government approval is taken after shareholders approval. Form-25A will be filed with CG.
The approval can be made retrospectively.For example, if you wanted to pay remuneration to WTD from 01.04.2013 then you can pass Board/committee resolution in May, 2013 and shareholders resolutions in August and can pay remuneration from 01.04.2013.
Central Government approval is taken after shareholders approval. Form-25A will be filed with CG.
The approval can be made retrospectively.For example, if you wanted to pay remuneration to WTD from 01.04.2013 then you can pass Board/committee resolution in May, 2013 and shareholders resolutions in August and can pay remuneration from 01.04.2013.
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