Which form to file to ROC
This query is : Resolved
02 November 2010
dear experts
my client is pvt. ltd. co & wishes to increase the monthly salary of its 2 directors from the existing level of Rs. 10000/- to Rs. 15,000/- in one case & Rs. 15,000/- to Rs. 20,000/- to another? whether the co. has to inform the same to ROC.
if yes which form No.
please guide me in this matter with other points also.
my client is pvt. ltd. co & wishes to increase the monthly salary of its 2 directors from the existing level of Rs. 10000/- to Rs. 15,000/- in one case & Rs. 15,000/- to Rs. 20,000/- to another? whether the co. has to inform the same to ROC.
if yes which form No.
please guide me in this matter with other points also.
02 November 2010
Only a simple board resolution would do.
Also see that the salary being paid is reasonable and comparable with general market conditions and not excessive.
Also see that the salary being paid is reasonable and comparable with general market conditions and not excessive.
02 November 2010
Continuing Aditya Ji, no need to inform ROC and no e-forms have to be filed in this regard.
03 November 2010
Agreed with Warrier Sir...
Because the provisions of remuneration of private limited company is governed by its articles. The provisions of managerial remuneration of Companies Act will not apply to private company.
Regards
Because the provisions of remuneration of private limited company is governed by its articles. The provisions of managerial remuneration of Companies Act will not apply to private company.
Regards
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