Director remuneration
This query is : Resolved
AJAY GUPTA
(Querist)
07 January 2015
Is there any restriction on directors salary for a private limited company as per the new companies act 2013
CS Mitesh Mehta
(Expert)
08 January 2015
No.
Section 197 of the Companies Act, 2013 prescribed the maximum ceiling for payment of managerial remuneration by a public company. It is not applicable to private company
Section 197 of the Companies Act, 2013 prescribed the maximum ceiling for payment of managerial remuneration by a public company. It is not applicable to private company
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