Harpreet (* * * * * *) (1670 Points)
09 September 2014Dear ALl CCI Members,
Please provide draft board resolution for pvt ltd company towards increase in director remuneration, there are three directors for which we needs to increase the remuneration, whether we need to pass one resolution or seperate board resolutions needs to be passed.
Please help.
Thanx & Regards
Harpreet
prakash
(Company Secretary)
(1352 Points)
Replied 09 September 2014
Dear Harpreet
Separate resolutions to be passsed for revision in remuneration of each director, pass simple resolution mentioning remuneration and terms and conditions. if any one of them are MD, you need to file MGT 14 as per section 117(3) of the Companies Act, 2013
Harpreet
(* * * * * *)
(1670 Points)
Replied 10 September 2014
Dear Prakash,
Do you have a draft resolution for the same, if have please provide on harpreet00 @ hotmail.com
Regards,
Harpreet
CAclubindia
