Directors remunerations

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2017 Dear Experts,
In pvt. Ltd company can we give the monthly renuneration to all the directors. If yes what its criteria?

Thanks In Advance
RAJ KUMAR

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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29 April 2017 Yes Monthly remuneration can be given to directors. There is no specific criteria.

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2017 Sir,
Schedule V is partly applicable to pvt. Companies which deal with No & inadequate profit. Assume if we have given monthly remuneration to all the directors . If at the end of the FY we came to know that company has made inadequate profit then in such scenario remuneration may be paid excees to the directors as defined in schedule v