22 April 2013
Ours is a pvt. ltd. company in which M.D. was appointed for 5 years and the same expired in the year 2012 and we have not passed any resolution for reappointment. Now we want to increase there remuneration what are the necessary forms or resolution that we are to file and whether we need to intimate it to ROC also.
22 April 2013
First understand a private company is not under compulsion to appoint MD and provisions of remuneration are not applicable to a private company.
So simply pass a board resolution in back date in 2012 for re-appointment of MD and file form 32 with late fee. Further being a private company you are free to increase remuneration of MD and there is no need to report the same to ROC.
Also check AOA provisions regarding remuneration to director.
Ankur
Querist :
Anonymous
Querist :
Anonymous
(Querist)
22 April 2013
Thanks sir so for reappointment we need to file form 32 with the ROC only and simply pass resolution for increase in salary.