Can director of loss making pvt ltd have remuneration over 80lakhs
This query is : Open
Alex Eapen
(Querist)
14 September 2014
Can Director of loss making pvt ltd have remuneration over 80lakhs.If no, does he have to change designation? Or a special resolution need to passed as per companies act 2013
Ankur Garg
(Expert)
14 September 2014
Strict provisions related to director remuneration are not applicable to a private company in CA 2013. However Auditor may ask you the question for paying such high remuneration in case of loss making company.
Further also check the provisions of your articles to see if there is any restrictive clause for paying this remuneration.
Thanks
Further also check the provisions of your articles to see if there is any restrictive clause for paying this remuneration.
Thanks
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