Appointment of an Employee as a WT Director

CA.SKR (CA; CS-Final (One Group); DISA (ICAI); Insolvency Professional)   (442 Points)

22 February 2010  

A private limited company wishes to appoint one of it's employee as a whole time director, who will continue to get salary from the company as decided by the management. What is the procedure to be followed by the company for such an appointment? Is approval of members required for this appointment and remuneration or just Board's approval is sufficient? Please let me know.

Thanks in advance.