Resolution for increase in dir rem
This query is : Resolved
30 October 2013
PLS RESOLUTION FOR INCREASE IN REMUNERATION OF DIRECTOR IN PVT LTD COMPANY
31 October 2013
The Chairman invited the attention of the members of the Board to the fact that the terms and conditions of the appointment and remuneration of Mr. …………., Managing Director was approved by the members of the Company in the ……General Meeting held on September 20, 20. He further apprised that the performance of the Company has improved substantially under his guidance. So it is desirable that the fixed component of remuneration payable to Mr. …… be increased from Rs. 1 lac to Rs. 5 lac per month with effect from February 1, 20.
The matter was discussed and the following resolutions were passed unanimously
“RESOLVED THAT the Board of Directors of the Company hereby approve & recommend the alteration in the remuneration structure payable to Shri ….l, Managing Director of the Company for the remaining tenure of his present term with effect from 1st February, 20 with such terms and conditions as given in the draft agreement as placed before this committee and initialed by the chairman for the purpose of identification.”
“RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorised to do all such acts, deeds, matters and things as may be considered necessary, desirable or expedient for the purpose of giving effect to these resolutions.”
The matter was discussed and the following resolutions were passed unanimously
“RESOLVED THAT the Board of Directors of the Company hereby approve & recommend the alteration in the remuneration structure payable to Shri ….l, Managing Director of the Company for the remaining tenure of his present term with effect from 1st February, 20 with such terms and conditions as given in the draft agreement as placed before this committee and initialed by the chairman for the purpose of identification.”
“RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorised to do all such acts, deeds, matters and things as may be considered necessary, desirable or expedient for the purpose of giving effect to these resolutions.”
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
