Remuneration to part time executive director
This query is : Resolved
08 September 2008
Sir
Our company promoted a director as part time executive director. Please provide the list of formalities to be compplied with under the companies act
Please provide the list as urgent as possible
Regards
Yogesh
Our company promoted a director as part time executive director. Please provide the list of formalities to be compplied with under the companies act
Please provide the list as urgent as possible
Regards
Yogesh
24 September 2008
Part-time or whole time, he is for the purpose of the Act will be a Whole-time Director only. Remuneration etc will be governed by the provisions of the Act. Please refer section 198/269 of the Companies Act.
Before that please tell whether your company is a private or Public company. Because the stringent requirements for the payment of remuneration etc are only for public companies.
Before that please tell whether your company is a private or Public company. Because the stringent requirements for the payment of remuneration etc are only for public companies.
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