Director remuneration
This query is : Resolved
13 April 2010
Dear Friend My Query is:
How much a Private company may pay remuneration to its ordinary / part time directors in case of LOSS or Inadequate profit?
Regards
Sanjay srivastava
How much a Private company may pay remuneration to its ordinary / part time directors in case of LOSS or Inadequate profit?
Regards
Sanjay srivastava
13 April 2010
Strict provisions regarding managerial remuneration are not applicable to a private company. Hence subject to the provisions of AOA a private company may pay any remuneration to its directors.
Best Regards
Best Regards
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