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Commission payable to director of a private limited company

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(Querist)
24 November 2014 Please help me as I want to know that can Commission be paid to a Promoter Director of a Private Limited Company?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
24 November 2014 A director or manager may be paid remuneration either by way of a monthly payment or at a specified percentage of the net profits of the company or partly by one way and partly by the other. [Section 197 (6)]
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