if we have to increase the remuneration of whole tinme director in a private company and also article provide that remuneration can be revised by the board than only board resolution can suffice or do we need to done something else or can we file form 23 for registration of Board resolution ?
note that last time Special resolution was passed in AGM.
If your article does not have any specific requirement for general meeting resolution, a board meeting resolution is enough. Sec 309,198 etc. is applicable to public limited co.only or pvt. ltd. which is subsidiary of public limited company.
CAclubindia
