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Director's remuneration


Grishma (Asst. Manager - Finance)     05 January 2010

Grishma
Asst. Manager - Finance 
 38 points

| My Other Post

Does a Director who is acting as a Managing Director an employee of the company? If he is not available for service due to some personal reason, can the company pay him remuneration on a pro-rata basis? Or the company should pay full amount irrespective of his being available at work?

Is he entitled to avail all the benefits that an employee receives? Like Leaves, etc

avater

Ankur Garg (Company Secretary and Compliance Officer)     05 January 2010

Ankur Garg
Company Secretary and Compliance Officer 
 15471 likes  114599 points

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Yes a Director, acting as a Managing Director is an employee of the company. Yes the company may pay him the remuneration on a pro-rata basis.

To know the status of other benefits available to MD please refer to the agreement with MD or resolution for his appointment.

Grishma (Asst. Manager - Finance)     05 January 2010

Grishma
Asst. Manager - Finance 
 38 points

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Thanks Ankur, Resolution says that the company shall pay the director a monthly remuneration of Rs. XXXXX It does not give any further details. Also if the Managing Director is one of major shareholder's then how does it impact?

avater

Ravi Singh (Article Assistant)     07 January 2010

Ravi Singh
Article Assistant 
 5 likes  100 points

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if d director is executive director den he is an employe of d company and wil get remuneration on prorata basis....and on d oder hand if he is an non executive director lyk our star icon say Amitabh bachchan or say sachin tendulkar....d will get full salary as mentioned in resolution irrespective of leave....!!!! i guess d concept is very much clear....i cn also provide the evidence of this fact.......


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