19 April 2012
Hi, can any one let me know that if the directors salary has been increased in the year , then is there any necessity to pass a resolution for this in an AGM, or directly it can be paid to the directors through board meeting. please let me know the provisions of this, its urgent.
19 April 2012
its public company. The MD has been appointed for a period of fiver years and remuneration has been increased then what about the resolution has to be passed or the salary can directly be paid.
It is required to approved by shareholders meeting and then you can pay remuneration. You can pass shareholders approvals retrospectively for payment of remuneration.
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