Urgent: increase in remuneration of director of pvt ltd comp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 January 2013
Please reply as soon as possible
Remuneration of one of the director of pvt ltd company is increased from 580000 to 900000. what formalities or procedure i m suppose to follow?????????
Remuneration of one of the director of pvt ltd company is increased from 580000 to 900000. what formalities or procedure i m suppose to follow?????????
Ajay Mishra
(Expert)
07 January 2013
Hi
Yes, it is possible.
Pass a Board Resolution and increase the same as you think.
The provisions of the Companies Act, 1956 not applicable to remuneration of directors of private limited company.
Check, your company's articles on director remuneration.
Yes, it is possible.
Pass a Board Resolution and increase the same as you think.
The provisions of the Companies Act, 1956 not applicable to remuneration of directors of private limited company.
Check, your company's articles on director remuneration.
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