Board of directors salary resolution
ssundarpaul
(Querist) 03 November 2015
This query is : Resolved
we are two director ,we start company ,one director is working full time ,another director working another organization,
for full time director we like to give salary RS 20000 ,another director not require salary.
how to make board of resolution for this case?...
rajagopal.s
(Expert) 10 November 2015
Hi
The Draft of the Resolution is as follows:
The “RESOLVED THAT pursuant to the provisions of article ______ of Article of Association of the company and other applicable provisions of the Companies Act, 1956, Mr. XXXXX, be and is hereby appointed as Whole Time Director of the company with a monthly remuneration of Rs20,000-/-per month for a period of period of 1 year w.e.f. DD/MM/YYYY.
RESOLVED FURTHER THAT any Director of the company be and is hereby authorized to file the necessary returns with the Registrar of Companies.”
K.S.Srinivas
(Expert) 11 November 2015
The resolution may be passed.
