Director remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2012
Sir/madam
Is there any restriction on remuneration in private limited incase of loss.
Is there any restriction on remuneration in private limited incase of loss.
Ajay Mishra
(Expert)
29 September 2012
Hi
The provisions of Companies Act, 1956 relating to remunerations of directors will not apply to private limited company.
The remuneration of directors of private limited company is governed by its Articles of Association, so please check your company articles, if it is not restricting , then you can pay remuneration in case of loss.
The provisions of Companies Act, 1956 relating to remunerations of directors will not apply to private limited company.
The remuneration of directors of private limited company is governed by its Articles of Association, so please check your company articles, if it is not restricting , then you can pay remuneration in case of loss.
CS Ankur Srivastava
(Expert)
01 October 2012
The provisions of remuneration are not applicable on Private Companies.
For the remuneration of Directors in private Company Article and the relative Board Resolution shall govern.
For the remuneration of Directors in private Company Article and the relative Board Resolution shall govern.
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