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Urgent Query - Please help

Radhika (Consultant) (320 Points)

06 July 2011

Dear Members,

Is it mandatory for an unlisted public company to seek central government approval with respect to appointment of Manager, where the remuneration exceeds the limit prescribed under schedule XIII in the light of recent amendments by MCA? Request learned members to respond to this query at the earliest.

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3 Replies

(Guest)

Recent amendments with respect to Remuneration committee are applicable to Listed Company and their subsidiary and not unlisted company.

So, You have to file form 25C and Form 23. Special resolution also needs to be passed.

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(Guest)

Recent amendments with respect to Remuneration committee are applicable to Listed Company and their subsidiary and not unlisted company.

So, You have to file form 25C and Form 23. Special resolution also needs to be passed. Central government approval is also necessary.

anil (secretary) (22 Points)
Replied 22 November 2011

sir, still my staus of cp exits on icsi portal even surrender of cp.now when i efile my form 32 for whole time employment on mca portal, an erroro occured, iie invalid acs no.kindky advise me the reason