Anybody please tell if in a Public Unlisted Company, the remuneration of a whole time director is being reduced, what are the compliances to be followed with.?
2 Replies
nidhigoel89
(Company Secretary )
(594 Points)
Replied 19 August 2013
Hello,
As per my views i think in this case sec 268 of companies act would be applicable, rest you can also refer the articles of the company.
Nidhi
Sathyam
(Student)
(38 Points)
Replied 23 August 2013
point.no.1
in a public comp,
the whole time dir. may be apointed,
1) with cent.govt aproval
or
2) under schedule xiii.
U didnt mentioned the way in which he was actualy apointed.
point.no.2
wt is the paid up cap. of company.
Point.no.3
the case u said is reducing the remuneration.
but not the case of increasing it.
so, almost nothing to comply aditionally. (under the Act)
and hardly there may be procedural compliances.
--S @ T#06 @ M--
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