About directors remuneration
This query is : Resolved
25 November 2016
An individual is an Director in all 15 companies.How much remuneration can he hold including all 15 companies.and under which section ?
25 November 2016
ACCORDING TO SECTION 197 OF THE COMPANIES ACT 2013, READ WITH SCHEDULE V , AN INDIVIDUAL DIRECTOR CAN HOLD THE MAXIMUM AMOUNT OF REMUNERATION IN AGREGATE.
FOR EXAMPLE : IF MR. X AS A DIRECTOR DRAWS REMUNERATION OF RS. 15 LAKH, WHICH IS HIGHEST REMUNERATION IN COMPARISON TO ALL THE COMPANY, THEN MAXIMUM REMUNERATION HE CAN DRAW SHALL NOT EXCEED 15 LAKH OF AGREGATE OF ALL 15 COMPANIES
FOR EXAMPLE : IF MR. X AS A DIRECTOR DRAWS REMUNERATION OF RS. 15 LAKH, WHICH IS HIGHEST REMUNERATION IN COMPARISON TO ALL THE COMPANY, THEN MAXIMUM REMUNERATION HE CAN DRAW SHALL NOT EXCEED 15 LAKH OF AGREGATE OF ALL 15 COMPANIES
25 November 2016
Thanks.
Actually this is from companies point of view,is there any answer from Directors point of view.
Actually this is from companies point of view,is there any answer from Directors point of view.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
