Private Ltd.

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Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2011 Is private Ltd. company pass any resolution in any meeting for increase in Director Remuneration.

Saroja

Saroja (Expert)
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22 June 2011 INCREASE OF REMUNERATION PAYABLE TO DIRECTOR

The Board discussed necessity of increasing remuneration payable to Mr.____________, Director of the Company. Mr. ______ has been appointed as Executive Director of the Company vide Board Meeting held on __________ (Date) with remuneration of Rs._______ /- per month and designated as “Head Operations” for all the practical purposes. Accordingly, it was

“Resolved that consent of Board of Directors be and is hereby accorded to increase remuneration payable to Mr. ________ from Rs.________ /- per month to the Rs.________ /-per month with effect from______ (Date). All other terms and conditions of the appointment are remaining same”.

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2011 No, Saroja. I want to ask whether it is required by any section that Private Ltd. co. has to pass any resolution for increasing the Director Remuneration.

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