To All,
I am in need of special resolution for remuneration to ordinary director in a private company
1 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 28 April 2010
Dear Friend,
Kindly appreciate strict provisions relating to managerial remuneration are not applicable to a private company and there is no need to pass any special resolution for that purpose. Simple noting in board meeting is enough. You may pay any remuneration to a director of private company subject to the provisions of Article.
Best Regards
Recent Topics
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
