WHAT ARE THE FILING FORMALITIES WITH ROC ON PASSING THE BOARD RESOLUTION FOR INCREASE OF REMUNERATION (WITHIN THE LIMITS OF SCHEDULE XIII) OF MANAGING DIRECTOR AND OF CHAIRMAN?
REMUNERATION CLAUSE IN TERMS OF APPOINTMENT WAS " RS. 1,00,000 P.M. SUBJECT TO MAXIMUM LIMIT OF RS. 10,00,000/- P.A."
NOW WE WANT TO CHANGE IT AS " RS. 1,00,000 P.M."
CAN WE REQUIRE TO GIVE EFFECT THE INCREASE IN REMUNERATION FROM BEGINNING OF THE YEAR OR INCREASE CAN BE EFFECTED FROM 11TH MONTH (WHEN THE PAYMENT IS CROSSING THE LIMIT FIXED IN PREVIOUS RESOLUTION)
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