Director remuneartion
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2012
Can a director of a private ltd. company draw its remuneration in form of the professional charges instead of salary.
If yes then what are the formalities required for the same.
Thanks.
If yes then what are the formalities required for the same.
Thanks.
Ajay Mishra
(Expert)
16 February 2012
Hi
Yes, in case of private company their is no restriction on payment of remuneration because the provisions of remuneration will not apply to private company but they govern its own articles.
Regards
Ajay Mishra
Yes, in case of private company their is no restriction on payment of remuneration because the provisions of remuneration will not apply to private company but they govern its own articles.
Regards
Ajay Mishra
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