Type of resolution
This query is : Resolved
08 July 2013
Sir, will you please tell me that what type of resolution should be passed in case of increase in remuneration of whole time director and also in case of relative of director if remuneration will be increased under special business.
08 July 2013
Hi
If you are increasing remuneration of WTD with in the profit limit, then only ordinary resolution is sufficient.
In case, the company has inadequate profit or nil profit and paying remuneration as per Part II Section II (B) and (C), then special resolution will be required.
The above two case will apply on public company of subsidiary private company and not on private limited company.
If you are increasing remuneration of WTD with in the profit limit, then only ordinary resolution is sufficient.
In case, the company has inadequate profit or nil profit and paying remuneration as per Part II Section II (B) and (C), then special resolution will be required.
The above two case will apply on public company of subsidiary private company and not on private limited company.
08 July 2013
Payment of remuneration of relative of director will covered under section 314 of the Companies Act, 1956 and in that case Special Resolution will be required to be passed.
The condition is director also receive the remuneration from company.
The condition is director also receive the remuneration from company.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- Reporting of STCG on Property in ITR
- ITR-4 vs ITR 5
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
