Section 314 - Resolution

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CS Sandip Rahane (Querist)
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01 September 2009 Hello Everybody and very good afternoon.

Dear all,

I am going to appoint relative of director on Rs.75,000/- salary as a Vice President of Company in Annual General Meeting.

Please send me Special Resolution of the same.

Waiting ur reply.
Thanking you.

Ankur Garg

Ankur Garg (Expert)
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01 September 2009 Please find below the desired resolution:

â€œRESOLVED THAT pursuant to the provisions of section 314(1)(b) and other applicable provisions if any of the Companies Act, 1956, consent of the Company be and is hereby accorded to appoint Mr. Raj as Marketing Manager - Aerospace at ABC Ltd., with effect from 1st August, 2001 on remuneration and terms mentioned below:

(a) Remuneration shall not exceed Rs. 6,00,000 Per Annum.
(b) During his tenure, he will be governed by the Rules and Regulations of the Company as may be applicable to the employees of the Company from time to time including change in designation and responsibilities.
(c) The revision of remuneration will be effective only after obtaining all necessary approvals in this regard.

RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such acts, deeds and things as may be necessary to give effect to the resolution and to settle any questions, difficulties or doubts that may arise in this regard.â€

Change it according to your need.

Regards

Ankur Garg

Ankur Garg (Expert)
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01 September 2009 If you need explanatory statement for the same then let me know.

CS Sandip Rahane

CS Sandip Rahane (Querist)
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01 September 2009 Yes Sir i also want the Explanatory Statement of the same.

Actually company appointed this person on same salary w.e.f.1.4.2009 and not filed and resolved anything for same.

Is there any effect by late filing of Form 23 and 24B to MCA by showing E.G.M. on 01.04.2009. Can i file it bad dated ?
Or it goes to compounding? Let me knw.

Being d above reason i m taking his appointment in coming AGM we.f.29.09.2009.

Plz send me solution.

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