What is the maximum commission paid to the Executive Directors under the Companies Act, 2013?
A company for the financial year 2008-09 declared the dividend on 19th sep.2009 and fail to distribute the same within the prescribed period.A non executive director who was resigned on July 2009 was also implicated in a court of law along with the company and other directors.The que. is whether a resigned non executive director can be vicariously liable for the failure on the part of the company to declare dividend?
What should be the composition of Director for Executive Director or non-Executive Director ?
Can we consider Independent Director for the purpose of fulfilling the minimum requirements as prescribed u/s 149(1)?
If a director is receiving remuneration he will be considered as an Executive Director?
Can an Executive Director be defined on the basis of receiving remuneration only?
A director getting remuneration is an Executive director. Can this be
taken as a true and correct interpretation of the term since a proper
definition of the executive director is not mentioned in the Act?
Kindly help me resolve the query
An Executive director was appointed for a tenure of One year(in a listed entity) which is expiring today.
If we wish to retain him, how we can do that.
I shall be thankful to you, if you could clarify the following points
1) Whether the Chief Executive of a producer company need to take DIN and file DIR-12 for his appointment. If not, whether there is anything wrong with taking DIN and filing DIR-12.
2) Whether the Chief Executive can hold shares in the producer company, before or after his appointment.
Does an employee of a company appointed on the board mandatorily be designated as whole time director? Can we simply designate him as an 'executive director' in the RoC filings?
Now in a Public Company, a person is appointed as Executive Director. He is not designated as Whole time Director. But as per Rule 2(k) of Chapter 1, Executive Director means Whole time Director. So due to this definition, he becomes WTD the moment he is appointed as Executive Director.
But is proposed to appoint him as Executive Director in other group companies. However, Section 204 prohibits appointment as WTD in more than 1 Company. So he will have to be appointed as Non Executive in other companies. So he cannot draw salary in other companies. And he is running the other companies also. So how can he be Non Executive? I am unable to decide what is the best solution. Please revert.
Can we pay salary to Non Executive Director?
Whether Non - Executive Director of a Private Limited Company can also render services as a consultant (If having expertise in a particular field) to the same company and a company in some other Group? Which companies are required to appoint independent directors?Click here to view / answer Share it on
In sec 117 Board resolution for change in terms and conditions of Managing Director is required to be filed with MCA.
only managing director word is written . does it implies that change in terms & conditions of executive director need not be filed with MCA. as only MD is written in sec 117.
Kindly share your views
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