Salary of non executive director of pvt ltd co
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2011
Can the board of directors of Pvt Ltd company decide and pay salary of the non executive directors for the first time? They were not paid earlier eventhough they are directors for 2 years.
Or whether it should be approved by the shareholders?
Or whether it should be approved by the shareholders?
29 September 2011
Yes.
A private company by passing board resolution can pay remuneration to its non executive director.
shareholder approval no required. Also check AOA provisions.
RG
A private company by passing board resolution can pay remuneration to its non executive director.
shareholder approval no required. Also check AOA provisions.
RG
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