Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Board resolution increase salary of directors

Ajender Singh Bisht (Accounts Manager) (39 Points)

13 August 2012

Hello Sir,

We have decided to increase salary of directors and top management team effective 1^st July, 2012.

can you please provide board resolution for salary increase of diretors of private limited company.

Regards,

Ajender Singh Bisht

Reply
Follow
Share

2 Replies

(Guest)

“RESOLVED THAT pursuant of the provisions of the Companies Act, 1956 (“the Act”), approval of the board of directors of the company be and is hereby accorded for the payment of salary to Mr. ABC from __________________________ in such manner as the Board may determine from time to time and upto the extent of Rs. 200,000/- (Rs. Two Lacs only) per month.”

“RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board be and is hereby authorised to take all actions and do all such deeds, matters and things, as it may in its absolute discretion deem necessary, proper or desirable and to settle any question, difficulty or doubt that may arise in this regard.”