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Working Director Salary

JYOTI (Business) (52 Points)

08 June 2022

I and my wife are the two directors of our company. We work full time in our company

[Pursuant to sub-section (2) of section 7 and sub-section (1) of section 8 of the Companies Act, 2013 (18 of 2013) and rule 18 of the Companies (Incorporation) Rules, 2014].

I want to know, can we get salary from our company.

If yes, what is the max salary per month we get.

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2 Replies

Chirag (Professional) (1979 Points)
Replied 09 June 2022

As Prescribed In Resolution Passed or In an Appointment letter ,If Both are having some field of experience/expertise or professional acumen then it will be out of scope of RPT u/s 188, Appointment/ Increase in remuneration ( subject to AOA) will also be confirmed later by shateholder's by ordinary resolution

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(Guest)

For private limited company, there is no limit for remuneration as Section 197 of the Act only applies to public companies. Both directors can take as much salary as required.