Change in designation of director & increase in remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2013
Hello!!!!
In ABC Pvt. Ltd. one Director "S" was appointed as 'Executive Director Marketing'and renumeration payable to him was Rs. 1,50,000 and now his designation has been changed to 'Executive Director Business Development' and renumeration payable to him increased to Rs. 2,00,000.
My Queries are as follows:
1. Form 32 is required to be filed as he is still Executive Director?
2. Any further compliance under Companies Act, 1956 reuired to be followed?
Thanks
In ABC Pvt. Ltd. one Director "S" was appointed as 'Executive Director Marketing'and renumeration payable to him was Rs. 1,50,000 and now his designation has been changed to 'Executive Director Business Development' and renumeration payable to him increased to Rs. 2,00,000.
My Queries are as follows:
1. Form 32 is required to be filed as he is still Executive Director?
2. Any further compliance under Companies Act, 1956 reuired to be followed?
Thanks
08 June 2013
no requirement of form 32
do make a board resolution for increase in Remuneration.
do make a board resolution for increase in Remuneration.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2013
Thanks sir
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