23 February 2011
Our co is pvt ltd co & also nbfc then what is procedure to increase directors/ md salary whether it can be approved by Board or shareholders also required
24 February 2011
1.If you want to appoint an additional director, authorisation in Articles + Approval of Board is required and u can regularise them in AGM of the Company, Otherwise appoint the directors in the General Meeting of the Company. 2. There is no limit on the salary of the directors in pvt. ltd. company. 3. For the NBFCs Company,Information need to be sent to RBI in regard to change of directors within 30 days of change.
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