Remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 April 2013
if any annual increment is paid to MD, does it amount to revision of remuneration?
if yes whether approval of Board and Shareholder is required?
if yes whether approval of Board and Shareholder is required?
Ankur Garg
(Expert)
01 May 2013
If you pay any increased remuneration to your MD, which is more than approved by shareholders, the same increased remuneration would be considered as revision of remuneration.
For increased remuneration you have to take fresh approval of shareholders read with section 309, 198, 310 and schedule XIII, if your company is a public company. Form 25C is required to be filed with ROC.
However strict provisions related to remuneration are not applicable to a private company.
For increased remuneration you have to take fresh approval of shareholders read with section 309, 198, 310 and schedule XIII, if your company is a public company. Form 25C is required to be filed with ROC.
However strict provisions related to remuneration are not applicable to a private company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
