Hi everyone... what are the procedures for changing the salary of the director ( reducing salary) during the F.Y. in the Pvt Ltd co.? Any forms must be submitted to ROC? and what are the procedures?
plz help me...
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Quick Summary
This discussion addresses the process of reducing a director's salary within a Private Limited company during the financial year. It clarifies that a board resolution is required to approve the salary reduction. Importantly, no specific forms need to be filed with the Registrar of Companies (ROC) for this change.