in case of a pvt. co. : 3 directors : if one is appointed as MD and 1 as ceo on a salary approved at BM : if ther salary is revised every year do we need to pass resolution in BM or a general resolution authorising MD can be passed
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remuneration of directors in pvt. co. : holding post of CEO
Replies (4)
As per my suggestion simply pass a board resolution and avoid general authority resolution.
thks , but can i pass a resolution in board meeting authorising MD of the company to fix/vary slary of ceo also director of company
Yes you can pass such resolution authorizing MD. But CEO cum director can not participate in this meeting read with section 299 and 300.
in case of pvt co also
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