CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) 16 June 2012
Please advice on the following:
A Public unlisted company already having One Managing Director getting salary 50000 p.m., one Whole Time Director getting salary 25000 p.m. and two non executive directors. Now the company want to appoint one directors and and to pay him the remuneration 30000 p.m. whose age is more than 70 years. Profits of the Company is near about 1.37 crore as on March 2012. Now how to resolve the same and how to appoint the director. Whether he will be simple director or whole time director. please provide the complete procedure along with resolutions if you have.