Remuneration

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Pankaj Arora (Querist)
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06 May 2017 Mr A (executive director)drawing salary from ABC limited and PQR Pvt Ltd .. if we have to calculate maximum remuneration ceiling under companies act than we have to club salary drawn from ABC Limited and PQR Pvt Ltd together..??

Ankur Singhal

Ankur Singhal (Expert)
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06 May 2017 Dear The limit for remuneration under companies act is on company, not on person. the limit applies on company basis.

Pankaj Arora

Pankaj Arora (Querist)
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06 May 2017 okay, suppose abc limited can pay maximum remuneration to its director 50 Lakh according to effective capital. now we have to include the remuneration received by MR X from PQR limited also with 50 lakh ceiling under ABC ltd