Remuneration of md

Save Share

This query is : Resolved

Amit Verma (Querist)
Follow

16 May 2013 what is the procedure in respect of managing Director and Joint Managing Director volunatory not to take remuneration for six months or until the financial position will not improve. please send reply as early as possible

CA rohit swami

CA rohit swami (Expert)
Follow

16 May 2013 HELLO AMIT, WHICH COMPANY IS IT (PVT. OR PUBLIC)??? PLEASE MENTION SO CAN I HELP YOU. REGARDS

Amit Verma

Amit Verma (Querist)
Follow

16 May 2013 public listed company

CA rohit swami

CA rohit swami (Expert)
Follow

16 May 2013 conduct a board of director meeting and pass a resolution in board meeting for revision of remuneration or voluntary not taken by directors, and file with form no. 23 to roc.

Amit Verma

Amit Verma (Querist)
Follow

16 May 2013 is it not necessary to take permission from Remuneration Committee and/or Shareholders .

CA rohit swami

CA rohit swami (Expert)
Follow

16 May 2013 hello amit,
check the AOA AND MOA ,IF THEY MENTION TO HOLD GENERL MEETING OF MEMBER THEN FOLLOW PROCEDURE. AND SEND 3 COPIES OF NOTICE TO STOCK EXCHANGE FOR MEETING.

IF COMPANY HAVE A REMUNRATION COMMITTI THEN ITS MENDATORY TO HOLD COMITTI MEETING AND GOTHROUH PROCEDURE.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now