The Board discussed necessity of increasing remuneration payable to Mr._____________, Director of the Company. Mr. _______________ has been appointed as Director of the Company vide Board Meeting held on _________ with a remuneration of Rs.________/- per month and designated as “Head Operations” for all the practical purposes. Accordingly, it was
“Resolved that consent of Board of Directors be and is hereby accorded to increase remuneration payable to Mr.__________ from Rs._______/- per month to the Rs.________/-per month with effect from ____________. All other terms and conditions of the appointment are remaining same”.
CAclubindia
