BOARD RESOLUTION - INCREASE IN THE
MANAGERIAL REMUNERATION OF
SHRI __________
The
Board took up for discussion, the agenda for increase in remuneration to Shri
________, Managing Director of the company, considering his contribution in the
growth of the Company. The Board
discussed the matter and decided to increase the remuneration payable to Shri
______ as below. The Board considered the proposal at length and passed the
following resolution unanimously:
“RESOLVED THAT the consent of the Board
be and is hereby accorded for increase in the remuneration of Shri ________,
Managing Director of the company w.e.f. _____ as detailed below.
|
Name
of the Director
|
Salary
|
|
Shri
________, Managing Director
|
Rs._________
per month
|
FURTHER
RESOLVED THAT in addition to the salary as above, Shri _______ will also
be entitled to the Bonus, LTA and all other benefits, facilities, allowances,
perquisites and amenities in accordance with policy of the company and as
agreed by the Board of Directors, however the total remuneration (including
Bonus, LTA and all other benefits, facilities, allowances, perquisites and
amenities) should not exceed Rs. 1 Crore p.a.
FURTHER
RESOLVED THAT any one of the Director of the Company be and is hereby
authorized to sign such papers, documents that may be required in this regard
including to digitally sign and submit the necessary E-Forms with the ROC and
generally to do all such acts, deeds, matters and things as may be necessary,
proper, expedient or incidental for giving effect to this resolution.”