Become a Govt. Certified GST Practitioner. Batch begins 18th Nov. Register Now!

Extra Ordinary General Meeting

12 September 2010

A Company has done Extra Ordinary General Meeting to increase Salary of whole time MD & Director. What forms have to file & Details Procedure.

Reply
Follow
Share

3 Replies

Ajay Mishra (Company Secretary) (74337 Points)
Replied 13 September 2010

Resolution for Managerial Remuneration

“RESOLVED THAT pursuant to the provision of section 198,269,302 309 310 read with Schedule XIII of the Companies Act, 1956 and other applicable provision, if any, of the Companies Act, 1956 (including any statutory modification or re-enactment thereof for the time being in force) and subject to the approval of such other authorities including Central Government, as may be required, the Consent of the Company be and is hereby accorded to the re-appointment of Mr. X as Managing Director of the Company for a period of five years with effect from April 01, 20… at such remuneration and perquisite as duly approved by the Board of Directors on the recommendation of Remuneration Committee, and as set out in the Explanatory Statement annexed to the notice convening this meeting and also in such draft supplementary agreement placed before this meeting which is hereby specifically sanctioned along with liberty to Board of Directors to alter and vary the same in such manner as may be agreed between the Board of Director and Mr. X, Managing Director.

RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorised to do all such acts, deeds, matters and things as in its absolute discretion it may consider necessary, expedient or desirable and to settle any question or doubt that may arise in relation thereto and the Board shall have absolute power to decide breakup of the remuneration within the above said maximum permissible limit and in order to give effect to the forgoing resolution, or as may be otherwise considered by it to be in the best interest of the Company.”

File Form-23 with ROC within 30 days from passing of such resolution.

Regards

CS Ajay Mishra

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Jagruti (CS) (Service) (1953 Points)
Replied 13 September 2010

Form 32 to be filed

If he is MD than Form 23 need to b e filed

If remunerationis within the Schedule XIII than file Form 25C else Form 25A

1 Like

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 16 September 2010

Originally posted by : Jagruti (CS)
	Form 32 to be filed If he is MD than Form 23 need to b e filed If remunerationis within the Schedule XIII than file Form 25C else Form 25A