Increase in md remuneration

This query is : Open

Sathyan Avinash (Querist)
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30 August 2012 Dear Experts,

For the past 2 days, I have been confused over the following issue which I humbly submit for your consideration.

In case of only increase in remuneration of MD of a Public Ltd Company, whether the company has to file e-form 25C ?

Please clarify me upon this issue.

Ajay Mishra

Ajay Mishra (Expert)
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31 August 2012 Hi

No need to file Form-25C, it is return of appointment.

In case, where remuneration increase require government approval then Form-25A will be filed to CG.

In both case Form-23 is required to be filed with in 30 days from the date of passing of resolution of increase in remuneration.

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Sathyan Avinash

Sathyan Avinash (Querist)
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31 August 2012 Thank you Mr.Ajay Mishra.

Thats what I felt too. The purpose of the form is clear as to the return of appointment of managing director/ whole time director/ manager.

But there seems to be too much confusion on the issue even on this forum.

I would like to keep the status of this query as open as to invite more comments from all respected experts

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Guest

Guest (Expert)

01 September 2012 DEAR AVINASH,

ONLY FORM 23 IS FILED IN THIS CASE.

REGARDS

Guest

Guest (Expert)

01 September 2012 Agree with Ajay Mishra ji completely.

Sathyan Avinash

Sathyan Avinash (Querist)
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03 September 2012 Thank you experts