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FORM NO. 25A FOR MANAGERIAL REMUNERATION

09 February 2010

Hi,

We are in the process of filing form no. 25A regarding approval of Central Govt. for managerial remuneration for the period 2008-09 and for 2009-2010. There are two executive directors for whom it is proposed to be filed, reason is loss in 2008-09 and inadequate profit/loss in 2009-10. Can any body help me in filing these forms through any checklist, steps, guidance/suggestion etc. What precaution should be taken for filing these forms etc.

I will be thankful. It is urgent.

Regards

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3 Replies

Mitali Agarwal (Company Secretary) (638 Points)
Replied 09 February 2010

Hello,

You may go through the attached file which provides an idea of filling Form 25A.

It may help you to some extent.

Attached File : 58 sample form 25a.doc downloaded: 406 times

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SOURABH GUPTA (CS) (100 Points)
Replied 09 February 2010

Thanks mitali for ur kind reply. But Mitali it is the old format.

Do u have some practical idea on filing of these forms. actually this form is a little bit complex because it requires C.Govt. approval, which comes late (after 2-3 months). Since we have to apply for C. Govt. approval for providing managerial remuneration for 2 exe. directors in excess of Rs. 24 lac p.a. as per Schdedule XIII. Company has made defualt in repayment of loans etc. Defaults are in the natures of delayed payments only.

I am confused that how I should proceed. Whether we should go for publishing notice u/s 640B that co. is proposing to make appl. to centl. govt. for managerial remunertion in case of loss or inadequacy of profits. However this notice is to be given for the appointment of MD./WTD and remuneration. Our case is diffierent, it is for managerial remuneraiton.

Therefore I seek ur valuable guidance or guidance of my friends on this forum in that matter.

Thanks again.