Director Remuneration
This query is : Resolved
bhagwati saran
(Querist)
14 March 2009
Dear All,
Director Remuneration paid to all of three Directors Rs. 600,000/- P. A. each during the F. Y. 2007-08.
During the Current Financial Year 2008-09 there is no payment for Director Remuneration made so far.
Is it necessary to provide Director Remuneration during the year in the books of accounts of The Company or not.
Please advise according to Corporate Law.
B'Regards
Saran
Director Remuneration paid to all of three Directors Rs. 600,000/- P. A. each during the F. Y. 2007-08.
During the Current Financial Year 2008-09 there is no payment for Director Remuneration made so far.
Is it necessary to provide Director Remuneration during the year in the books of accounts of The Company or not.
Please advise according to Corporate Law.
B'Regards
Saran
CA.Tarun Maheshwari
(Expert)
14 March 2009
It is not necessary. Rest depends on articles of association of the company. I assumed that you are talking about private limited company.
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