Draft Board Resolution for Increase In Remuneration of Managing Director

Board-Resolution-Increase-Remuneration-Managing-Director

Draft Board Resolution for Increase In Remuneration of Managing Director



RESOLVED THAT pursuant to the provisions of Sections 197 and other applicable provisions, if any, of the Companies Act, 2013 (“Act”) read with Schedule V to the Act and the Rules made thereunder, including any statutory modification thereof, or any other law and subject to approval of shareholders, consent of the board be and is hereby accorded for the alteration in the remuneration structure of Shri __________, Managing Director of the Company with effect from ________  as under :


1.      Salary ………………………
2.      Perquisite …………………..
3.      Allowances ………………...


RESOLVED FURTHER THAT Shri ________ of the company be and is hereby authorized to undertake all such acts, deeds, matters and things to finalise and execute all such deeds, documents and writings as may be deemed necessary, proper, desirable and expedient in its absolute discretion, to enable this resolution, and to settle any question, difficulty or doubt that may arise in this regard.”
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