To All,
I am in need of special resolution for remuneration to ordinary director in a private company
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
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(without recording)
CAclubindia
