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Increase in directors remuneration

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 May 2013 Respected Sir/Madam,

I am handling a private limited company which has increased remuneration of its directors. Is it necessary to inform ROC ? if yes then within how many days?

Please guide me.
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
15 May 2013 Nothing to report to ROC. Just pass board resolution and alter the remuneration as required.
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
15 May 2013 The provisions related to remuneration are not applicable to a Private Company.
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