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Q & A

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In case of revision of remuneration of MD, whether section 196 is applicable? Section 196(4) is subject to provisions of Sec 197 and Sch V. Sec 197 seems to apply only for public companies and Sch V is subject to Sec 197. On a collective reading whether shareholder resolution/C approval is required for revision of MD remuneration? Pls advise

Section 196- Appointment of managing director, whole-time director or manager.

Posted By: Soumya 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


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