Change of designation from non-executive to executive
Querist : Anonymous
Querist : Anonymous
Fees Will be Nine Times.
500*9 = 4500 Rs. +500 Normal Fees.
Confirm, it is public company or private company.
Querist : Anonymous
The provision of remuneration clause of the Companies Act, 1956 is not applicable on private limited company.
The change from non-executive to executive is not a change in position of the company.
I will suggest you to pass a Board Resolution for paying remuneration of director.
Make entry when you file Director report of the company.
If Form-32 accept your changes then you file as per expert Mr. Ayush suggestion.
question of remuneration and status will not come in picture.
Querist : Anonymous
will the same rule follow in case he is appointed as MD on a later date
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