banner_ad

Remuneration to Directors

Pvt ltd 14105 views 3 replies

Hi,

I just wanted to know if there is any ceiling on the total amount that can be paid as remuneration to Director of Private Ltd Company. Sec 309 of Companies act states that the maximum remuneration that can be paid is 5% of net profit. Just wantedsome clarity on this issue.

 

 

Replies (3)

yes director remuneration is 5% of net profit after adjustment of sec 309

As per sub section 9 of Sec 309, The provisions  shall not apply to a private company unless it is a subsidiary of a public company

There is no bar / ceiling on payment of Remuneration to Directors of a Pvt Ltd Co. as  Section 198, 309 are NA to PVT  Co.

How ever u need to check wether the Articles of Association authorise the Board or Members to approve  Remuneration.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details