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Remuneration to non executive directors

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(Querist)
21 July 2017 Can a pvt ltd company pay monthly remuneration( other than sitting fee) to its ordinary directors when the company is in losses?
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c.bakshi

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c.bakshi (Expert)
23 July 2017 as far as non-executive directors are concerned, you cannot pay them salary until their designation is not changed. in the case of pvt company sch. III is applicable depending upon paid up capital

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