commission to directors
This query is : Resolved
CA Abhishek Goel
(Querist)
13 August 2009
What is the maximum rate at which comapny can give commission to directors
CA Vanesh Nadar
(Expert)
13 August 2009
It is normally as per the contract or as per the articles of assosiation.
Ankur Garg
(Expert)
14 August 2009
But payment of commission is a part of remuneration hence it should not exceed the rmuneration limits mentioned in section 309(3) and (4).
Read section 309 carefully. However if yourcompany is a pvt. co. then there is no limit.
Regards
Read section 309 carefully. However if yourcompany is a pvt. co. then there is no limit.
Regards
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