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Board resolution for director's remuneration

Nilesh K (CA, CFE, FAFD) (97 Points)

26 July 2012

Is a board resolution required every year to fix the director's remuneration?
Would the answer change if there is no change in the amount paid?

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CS. DISHA SHAH (Properitor of D. M. SHAH & CO. COMPANY SECRETARY) (394 Points)
Replied 26 July 2012

If there is no any change in the Remuneration padi to directors then there is no requirement to pass Board Resolution every year. For, MD, WTD ,, if there terms for remuneration expires, though there is no changes, pass resolution n file e-form 25C for the same.

Otw there is no requirement to pass resolution every year.

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