CS Pooja (Company Secretary) (305 Points)
22 April 2011Dear All,
Closely held pub limited company ahs fixed the remuneration of Directors in 2009 according to the provisions of schedule XIII and with the approval of Remuneration Commitee.
Can company give performance incentive to the Directors quarterly above remuneration frm FY 11-12?
If it is allowed then what procedure i need to follow?
Regards,
Pooja
Jayashree S Iyer
(Company Secretary)
(3224 Points)
Replied 22 April 2011
You can do so subject to approval of the Remuneration Committee and Shareholders in General Meeting.
CS Pooja
(Company Secretary)
(305 Points)
Replied 22 April 2011
Thanks for reply.
But as it is performance incentive so I can not mention any fixed amount in the resolution.So hoe it will be mentioned in the resolution.
Regards,
Pooja
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
