Compliances for a private limited company (urgent)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 Dear Sir

We are a pvt. ltd. company not a subsidary of any public ltd co. Please Clarify the following.

1) How to find out whether a Director has been shown in the ROC records as executive director or a non- executive director?

2) Can salary be given to an executive Director not specifically specified as a Managing Director/ Whole Time Director as per ROC records?

3) We desire to pay two directors salary of Rs. 1,80,000.00 each annually, w.e.f. 01/04/2012. Any form required to be filed w.r.t ROC.

Please help

Ajay Mishra

Ajay Mishra (Expert)
Follow

30 October 2012 hi

For this, please check Form-32 of such director.

The provisions of remunerations of the Companies Act, 1956 will not apply to private limited company. Private limited is govern by their articles. If articles is silent then you can pay remuneration without any restrictions.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2012 Sir

What about compliance with ROC. Is there no compliance required?

NB: Directors as per Form 32 filed previously were shown as executive directors

Ajay Mishra

Ajay Mishra (Expert)
Follow

31 October 2012 Hi

If the Form-32 shown that you have appointed as executive director then you are free to pay remuneration to director from Rs. 1 to any amount subject to company's articles.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2012 As per current provisons remuneration attracts service tax. I want to pay salary so service tax can be avoided. Still u say that no roc compliance required. ???? or any other formalities??

Ajay Mishra

Ajay Mishra (Expert)
Follow

31 October 2012 Salary is covered TDS and sitting fees is covered service tax.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mohit Kumar

CA Narender Yarragorla

Aayushi Chauhan

MUNISH KUMAR

CA Aakarsh Jain

Subscribe Now

Compliances for a private limited company (urgent)

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA