Please share proper draft for Newly appointed Executive Director, What Rules and regulations are applicable. Any company leaves are entitled are not.
Under what head can the salary paid to Director
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Appointment of Executive Director
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An Executive Director is appointed via Board and shareholder resolutions with Form DIR-12 filed with the RoC. Remuneration is paid as "Managerial Remuneration," which for private companies is dictated by the Articles of Association and Board approval, while leave entitlements are not set by statute and should be explicitly defined in the director’s employment contract.
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