Directors remuneration
This query is : Resolved
19 April 2012
Hi, can any one let me know that if the directors salary has been increased in the year , then is there any necessity to pass a resolution for this in an AGM, or directly it can be paid to the directors through board meeting. please let me know the provisions of this, its urgent.
19 April 2012
Hi
In case of public company, it will be subject to shareholders and remuneration committee approval.
In case of private company, the provision of remuneration will not apply.
Regards
In case of public company, it will be subject to shareholders and remuneration committee approval.
In case of private company, the provision of remuneration will not apply.
Regards
19 April 2012
Also. See that the increased remuneration is not exceeding 11% of net profits of the company.
19 April 2012
its public company. The MD has been appointed for a period of fiver years and remuneration has been increased then what about the resolution has to be passed or the salary can directly be paid.
19 April 2012
Hi
It is required to approved by shareholders meeting and then you can pay remuneration. You can pass shareholders approvals retrospectively for payment of remuneration.
It is required to approved by shareholders meeting and then you can pay remuneration. You can pass shareholders approvals retrospectively for payment of remuneration.
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