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Remuneration paid by private company to its director ?

jajati keswari mandal (Student) (135 Points)

29 August 2015

A private co. paid remunaration to its both director Rs. 9,20,000/-

Total prfit earned by the company in Rs. 15,00,000/-

During the last financial year the remuneration was Rs. 1,20,000/-

Whether the comapny has required any resolution or not & the resolution is required to be filied in ROC?

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2 Replies

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3303 Points)
Replied 29 August 2015

All type of companies should be required to disclose the Directors’/Managerial remuneration in the Directors’ Remuneration Report as a part of the Directors’ Report. The information in the Directors’ Remuneration Report may contain all elements of remuneration package of directors, including severance package and other details like company’s policy on directors’ remuneration for the following year, performance graph etc.