Managing director remuneration

Yes only the Board resolution would suffice, no need of filing form 25C

However after waiver the MD can't claim it later

Only the appointing authority has power to alter the terms of appointment. Therefore you have to pass ordinary resolution and file form 23 nothing else.

As per my view, since MD dnt wish to claim remuneration for 2012-2013 i.e. reminder of his tenure as MD, Board resolution will be sufficient since generally at the time of passing General meeting resolution, a power is generally given to the BOD to alter / vary terms of appt (incl remuneration).

In case Shareholders resolution has this stipulation, you can go ahead with BOD resolution and file form 23. There are no issues.

Regards