is the form 25c has to be again filed in case of any variation of salary of managing director complying with schedule xiii of the companies Act 1956 where as all others term and condition of the appointment will remain same!
BHASKAR
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Form 25c
Replies (2)
Filing of Form 25C is for appointment and re-appointment only and not for the change in terms of appointment including change in remuneration. So, in case no CG approval is required and the change in remuneration is within the limit of Section 198/309 read with Schedule XIII (provided thecompany is a public ltd. company or a private company which is a subsidiary of a public ltd. co) then only form 23 is required to be filed.
othr views plz....
Hi Bhaskar,
25C is required to be filed within 90 days of appointment or variation of terms of appointment for a managing or a whole time director.
Thanks & Regards
Amit Mishra
BSamrish & Co.
New Delhi
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