increase in remuneration of whole time director in aprivate

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Megha (Querist)
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12 July 2011 hello friends,

kindly suggest me on following:

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.

plaese suggest at the earliest

CS SIDDHARTHA BANIK

CS SIDDHARTHA BANIK (Expert)
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12 July 2011 Hi,

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.

Thanks,

CS Siddhartha Banik

Megha

Megha (Querist)
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12 July 2011 thanks for your reply,

but i just want to know that do we require to file form 23 or not?

pls reply.........

CS SIDDHARTHA BANIK

CS SIDDHARTHA BANIK (Expert)
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12 July 2011 yes. you need to file form 23.

thanks

Megha

Megha (Querist)
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13 July 2011 thank you so much

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