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Commission Paid to Dircetor

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(Querist)
19 March 2009 Respected Sir / Madam,

Can a Dircetor or Dircetors of Pvt Ltd Company take Commission in huge amount other then Remuneration received on mothly basis ? What are the norms regarding that ?

Regards

Ashok Kumar Vyas
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Ankur Garg

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Ankur Garg (Expert)
13 May 2009 Restrictions regarding managerial remuneration are not applicable to a Pvt. Company.

In a pvt company decision to remunerate a director is subject to the approval of board as well as articles of the company.

Regards

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