Easy Office
LCI Learning

Sec 309 applicability

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 November 2008 Whether sec 309 is applicable in case of a private company or not? If not is there any procedure to be coplied by the company to pay Remuneration to the directors?
Profile Image

Deepak Agrawal

Profile Image

Deepak Agrawal (Expert)
12 November 2008 I have uploaded file of bare act of corporate law.
Download it.

Also no seperate calcultion is there for Pvt Co.
Profile Image

S Kedarnath

Profile Image

S Kedarnath (Expert)
12 November 2008 A private co can pay remuneration in accordance with the provisions contained in the AOA.



Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
12 November 2008 Company law does not restrict a pvt company in payment of remuneration to directors.
Profile Image

Ravikumar.G

Profile Image

Ravikumar.G (Expert)
17 November 2008 The restrictions on payment of managerial remuneration contained u/s 198,309, 387 & Sch XIII do not apply to a private company.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links