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Board resolution

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Harpreet

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1941 Points Posted on 09 September 2014

Dear ALl CCI Members,

Please provide draft board resolution for pvt ltd company towards increase in director remuneration, there are three directors for which we needs to increase the remuneration, whether we need to pass one resolution or seperate board resolutions needs to be passed.

Please help.

Thanx & Regards
Harpreet

Replies (2)

prakash

Company Secretary

814 Points Posted on 09 September 2014

Dear Harpreet

Separate resolutions to be passsed for revision in remuneration of each director, pass simple resolution mentioning remuneration and terms and conditions. if any one of them are MD, you need to file MGT 14 as per section 117(3) of the Companies Act, 2013