Procedure for Fixation of Remuneration to Managing Director/Whole Time Director The procedure to be followed for fixation of remuneration of Managing Director/Whole Time Director is as follows: (adsbygoogle = window.adsbygoogle || []).push({}); 1. Convene a Board meeting after giving notices to all the directors of company in accordance with Section 173, to fix the date, … Read more
Key Provisions Relating to Managerial Remuneration (adsbygoogle = window.adsbygoogle || []).push({}); There is no restriction relating to managerial remuneration for a private company. [Section 197(1)] Total managerial remuneration payable by a public company to its directors (including Managing Director and Whole Time Director) and Manager in a financial year shall not exceed eleven percent of … Read more
As per the provisions of Section 168(1) of the Companies Act, 2013 a director may resign from his office by giving a notice in writing to the company. Procedure For Resignation … Read more
Procedure for Appointment of Director to be Elected by Small Shareholders A listed company may have one director elected by small shareholders. Small shareholders means a shareholder holding shares of nominal value of not more than twenty thousand rupees or such other sum prescribed. [Section 151] Rule 7 of the Companies (Appointment and Qualification of … Read more
