Increase in remuneration

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If I am increasing remuneration of a director of my pvt ltd co...what are the applicable section affecting it??And do I have to file any form?Please reply

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Replies (5)

only board resolution has to be pass. to amend the same. 

anything attracts sec 314

Madam, Section 314 will applicable to Limited co and not pvt. ltd co.

Section 314 is applicable to both public and private companies as far as I knw

Ms. Priyanka,

You are right, it is applicable to both public and private. But I do not think it is applicable in your case. Please refer section 314(3), which clear states that office or place of profit means anything by way of remuneration over and above the remuneration to which Director is entitled as director. Please refer the section quoted.

For increase in remuneration of Director of Pvt Co. no section is applicable but please refer articles of asociation for any limits and procedure.

No form is required to be filed with RoC.

 

 


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