WHOLE TIME DIRECTOR
This query is : Resolved
YOGESH GUPTA
(Querist)
31 March 2010
We have appointed Additional Director in Board Meeting.
We have to give remuneration to these Directors and also to give the status of Whole Time Director.
We have already filed form 32 of appointment as Additional Director
Now whether we give the status of WTD and remuneration in the same meeting subject to approval of Shareholders.
And whether we have to file fresh form 32 for giving them status of WTD.
Please explain the process
We have to give remuneration to these Directors and also to give the status of Whole Time Director.
We have already filed form 32 of appointment as Additional Director
Now whether we give the status of WTD and remuneration in the same meeting subject to approval of Shareholders.
And whether we have to file fresh form 32 for giving them status of WTD.
Please explain the process
Ankur Garg
(Expert)
31 March 2010
Yes u have to file second form 32 because when you promote them from additional dir to WTD that would be equal to change in designation and for this fresh form 32 is required to be filed.
If your co. is a private co. then u can appoint WTD just by passing a board resolution.
However in case of public company you have to comply with section 269 in toto.
Regards
If your co. is a private co. then u can appoint WTD just by passing a board resolution.
However in case of public company you have to comply with section 269 in toto.
Regards
YOGESH GUPTA
(Querist)
01 April 2010
Can we promote them in same Board Meeting and give remuneration.
If not then how we give remuneration between appointment of AD and promotion as WTD
If not then how we give remuneration between appointment of AD and promotion as WTD
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