procedure to increase remuneration of a whole time director

shruti (company secretary) (42 Points)

01 June 2009  

Dear Members,

Can anyone please tel what is the procedure to increase the remuneration of a whole time director.

I have prepared necessary draft of notice & resolution to be passed at EGM for increase in remuneration of a whole time director. as the remuneration increased is within the limits:-

  •  do i need to fill any form also intimating roc??   or
  • do i need to inform any government authority or take permission prior to increase in remuneration? ( remuneration increased is within the limits as specified in schedule XIII)

kindly guide me over the matter

Regards

CS Shruti Agarwal