If any Co. Wants to pay more than 11% to its directors, than whether it needs to take permission from CG first or it need to pass SR in GM.
Puja Purohit (Student) (33 Points)
09 April 2018Puja Purohit (Student) (33 Points)
09 April 2018
Divakar
(Student CA Final )
(11857 Points)
Replied 09 April 2018
Jatin Bajaj
(CS)
(2930 Points)
Replied 09 April 2018
As per the amendment in first proviso toSection 197 of the Companies Act 2013, if the Company wants to pay the remuneration to its directors, the Company by passing special resolution in general meeting may approve subject to the provisions of Schedule 5.
But now Central Government approval is not required
d suresh
(24 Points)
Replied 09 April 2018