Executive director

290 views 2 replies

HELLO,

 

LISTED COMPANY WANTS TO APPOINT  EXECUTIVE DIRECTOR .HOWEVER THERE IS NO DEFINITION OF "EXECUTIVE DIRECTOR " IN THE COMPANIES ACT , 2013 .

 

AS WHOLE TIME DIRECTOR IS DIFF.FROM EXECUTIVE DIRECTOR.

 

 

QUERY

 

1) PLEASE HELP ME WITH THE PROCEDURE , CHECKLIST AND FORMS TO BE FILED FOR APPOINTMENT OF EXECUTIVE DIRECTOR.

2) IS SCHEDULE V IS APPLICABLE TO EXECUTIVE DIRECTOR ??

 

 

THE COMPANY HAS ALREADY MANAGING DIRECTOR , TWO WHOLE TIME DIRECTOR.

 

PLEASE SUGGEST.

 

Replies (2)

YA SCHEDULE V IS APPLICABLE

If Schedule V is applicable to Non Executive Directors (1% Or 3% as the case may be)

Then it should also applicable to Executive Directors. However the OVERALL remuneration limits should not exceed 11% in case of adequate profit..

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