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Remuneration for director in pvt company

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(Querist)
02 September 2011 for a private company, i want to give remuneration to one of my directors (Rs. 25000 p.m).

1. the director is not a MD/WTD
2. I want to give remuneration from w.e.f. 1 April, 2010.

Now what is to be done?

whether Board Resolution is enough and also can we give it with retrospective effect, if yes, what date i can fix. and also whether needs to file any eforms?

whether we have to include it in AGM/EGM ?


Please clarify
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
02 September 2011 Hi,

First understand strict provisions of remuneration are not applicable to a private company.

So by passing board resolution u can give remuneration to ur dir.

No need to take shareholders approval.

RG
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SHAINSHAD ADUVANNI

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SHAINSHAD ADUVANNI (Querist)
02 September 2011 Please share a specimen Board Resolution for the same if you have,

Thanks
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