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Applcable provision for director remuneration to director

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(Querist)
27 August 2010 is there any limit for payment to director as remuneration
whether we have to comply any formality with roc for payment of Remuneration to Diretor like Rs.1.00 Lac per months
whether ceiling of managerial Remuneration is applicable to pvt ltd company.

please suugest

Rakesh Agarwal
9831151250
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
27 August 2010 No limit of remuneration payment in case of pvt. ltd. company.
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Ankur Garg

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Ankur Garg (Expert)
28 August 2010 Strict provisions regarding managerial remuneration are not applicable to a private company.

No need to intimate ROC for remuneration etc

However being a private company you are requested to check the provisions of your articles regarding remuneration.

Revert if there is any doubt.

Regards
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sivadas chettoor

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sivadas chettoor (Expert)
25 September 2010 No limit. But the reasonablness can be enquired into by ITO in tax proceedings.
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