Remuneration for director in pvt company
This query is : Resolved
02 September 2011
for a private company, i want to give remuneration to one of my directors (Rs. 25000 p.m).
1. the director is not a MD/WTD
2. I want to give remuneration from w.e.f. 1 April, 2010.
Now what is to be done?
whether Board Resolution is enough and also can we give it with retrospective effect, if yes, what date i can fix. and also whether needs to file any eforms?
whether we have to include it in AGM/EGM ?
Please clarify
1. the director is not a MD/WTD
2. I want to give remuneration from w.e.f. 1 April, 2010.
Now what is to be done?
whether Board Resolution is enough and also can we give it with retrospective effect, if yes, what date i can fix. and also whether needs to file any eforms?
whether we have to include it in AGM/EGM ?
Please clarify
02 September 2011
Hi,
First understand strict provisions of remuneration are not applicable to a private company.
So by passing board resolution u can give remuneration to ur dir.
No need to take shareholders approval.
RG
First understand strict provisions of remuneration are not applicable to a private company.
So by passing board resolution u can give remuneration to ur dir.
No need to take shareholders approval.
RG
02 September 2011
Please share a specimen Board Resolution for the same if you have,
Thanks
Thanks
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