procedure to increase remuneration of a whole time director

firstly a board meetin is to be held discussin the aforesaid matter and also regarding convenin the EGM.

2. Notice of the EGM is to be sent as per laws.

3.conduct EGM

4.File form 23 for the registration of  BOARD resolutions.TO BE FILED WIDIN 30 DAYS OF BOARD MEETIN

5. Form 25C also be filed as its a matter of whole time director. and the notice, minutes n resolutions to be attached WIDIN 90 DAYS.

this is as per my knowledge

n no need to take prior permission if the amt. is widin the limits ...If it exceeds the prescribed limits u need to take prior approval of the CENTRAL GOVERNMENT.

Dear Shruti,

If the increase is within the limits specified in Schedule XIII no approval would be required other wise Central Government approval would required to be obtained.

In this regard Section 310 specifically provides for the same.