02 November 2010
dear experts my client is pvt. ltd. co & wishes to increase the monthly salary of its 2 directors from the existing level of Rs. 10000/- to Rs. 15,000/- in one case & Rs. 15,000/- to Rs. 20,000/- to another? whether the co. has to inform the same to ROC. if yes which form No. please guide me in this matter with other points also.
Because the provisions of remuneration of private limited company is governed by its articles. The provisions of managerial remuneration of Companies Act will not apply to private company.