Applcable provision for director remuneration to director
This query is : Resolved
RAKESH AGARWAL
(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
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
Aditya Maheshwari
(Expert)
27 August 2010
No limit of remuneration payment in case of pvt. ltd. company.
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
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
sivadas chettoor
(Expert)
25 September 2010
No limit. But the reasonablness can be enquired into by ITO in tax proceedings.
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