increment in directors remuniration

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

10 June 2013 Hi friends.....
is anybody tell me whats the requirement of increasing directors remuneration of pvt.ltd.from a)100000 to 250000.& b)40000 to 80000.
is possible if company's paid up capital only 100000?
what is the rules regarding increasing the directors remuneration?

NAGARAVI

NAGARAVI (Expert)
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17 June 2013 Dear Anonymous,

The maximum cap under Companies Act, 1956 Section 309 or schedule XIII is not applicable to pvt company, however the remuneration can be paid subject to AOA and share holders approval is a good corporate goverance.