Revision of managerial remuneration of deputy md
This query is : Resolved
Guest
Guest
(Querist)
24 September 2012
Dear Friends,
Regarding Revision of Managerial Remuneration of Deputy Managing Director.
Board approved the revision of MR of DMD of Public Unlisted Company. Thereafter, company filed the Form 23.
Should the company file Form 25C for the revision of MR of DMD ?
Ans : ……………………
Section 269(2) applies for appointment or re-appointment only.
I am not having clarity on the matter.
Kindly clarify my doubt with any reference / supporting so as to enable me understand the same.
Thanks in advance.
Regarding Revision of Managerial Remuneration of Deputy Managing Director.
Board approved the revision of MR of DMD of Public Unlisted Company. Thereafter, company filed the Form 23.
Should the company file Form 25C for the revision of MR of DMD ?
Ans : ……………………
Section 269(2) applies for appointment or re-appointment only.
I am not having clarity on the matter.
Kindly clarify my doubt with any reference / supporting so as to enable me understand the same.
Thanks in advance.
24 September 2012
Hi
Yes, no need to file Form-25C, because it is a Return of Appointment.
Form-23 shall be filed with the concern ROC with in 30 days of the passing of Board Resolution varying the remuneration or making of agreement for variation.
The General Meeting shall be hold to pass an ordinary resolution for increasing the remuneration of managerial personnel.
Regards
Yes, no need to file Form-25C, because it is a Return of Appointment.
Form-23 shall be filed with the concern ROC with in 30 days of the passing of Board Resolution varying the remuneration or making of agreement for variation.
The General Meeting shall be hold to pass an ordinary resolution for increasing the remuneration of managerial personnel.
Regards
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