Remuneration of md
This query is : Resolved
Amit Verma
(Querist)
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
(Expert)
16 May 2013
HELLO AMIT, WHICH COMPANY IS IT (PVT. OR PUBLIC)??? PLEASE MENTION SO CAN I HELP YOU. REGARDS
Amit Verma
(Querist)
16 May 2013
public listed company
CA rohit swami
(Expert)
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
(Querist)
16 May 2013
is it not necessary to take permission from Remuneration Committee and/or Shareholders .
CA rohit swami
(Expert)
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.
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.
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