Remunaration increased of wtd

This query is : Resolved

bharat (Querist)
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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

Ajay Mishra

Ajay Mishra (Expert)
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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.

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