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Decrease the remuneration to managing director

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(Querist)
14 June 2016 hi,

if the remuneration of Managing Director is decreased or reduced in the board meeting, requires to file e-form MGT-14 with ROC under section 117 (3) (c) of the Companies Act, 2013.
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Mandar

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Mandar (Expert)
14 June 2016 Yes , on the basis of "......variation of terms of appointment of a Managing Director."

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