Bonus to director
This query is : Resolved
Ankush Saluja
(Querist)
29 January 2013
can a Private company make provision of bonus as a Salary Component for executive director?
Ajay Mishra
(Expert)
03 February 2013
Hi
Yes, you can subject to your company articles .
The provisions of remunerations of the Companies Act, 1956 is not applicable to private limited company. So, you are free to pay bonus as a part of remuneration.
Yes, you can subject to your company articles .
The provisions of remunerations of the Companies Act, 1956 is not applicable to private limited company. So, you are free to pay bonus as a part of remuneration.
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