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Change in designation of director & increase in remuneration

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Querist : Anonymous

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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
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CA Kapil Verma

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CA Kapil Verma (Expert)
08 June 2013 no requirement of form 32

do make a board resolution for increase in Remuneration.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2013 Thanks sir
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