Managing director_ca 2013

In my view, only increase in remuneration is required and appointment/reappointment is  not required.

In my openion , If Fresh 5 Year term + Revision of terms of salary 

I think MR-1 will suffise. ( erstwhile 25 C)

Dear Sir,

The section 196 of CA 2013 says that term of MD shall not be more than 5 years at a time.

So will I have to fix terms of our MD for five years w.e.f. from 01.04.2014 when this provison became applicable. And if yes then will I have to file form MR.1 (return of appointment) also what should be the effective date of appointment in this case, whether 08.12.2008 (original date of appointemnt as MD as per CA 1956) or 01.04.2014.

Or will I have to just file form MG.14 (section 117) and take approval of shareholders for the increase in remuneration and fixing of his term and my compliance will be done.

Kindly shed some light.

Yes , then only increase in remmuneration with MGT-14. for now. 

No need of re-appointment or fresh appointment w.e.f. 01 / 04 /2013.

Further please consider the tenure as per the agreement because if such director is his last year of tenure then only he can be re-appointed as per companies act 2013, 

My query is that the My MD's term has not been decided but can be terminated by the Board at any time. As mine is private company and section 317 of CA 1956 was not applicable. So in this case do I need to re-appoint him for 5 years now from the date of increase in his remuneration.