director remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2010
can director remuneration be paid in the first year of a pvt ltd. co where, there is a loss in its Profit & Loss A/c ?
Ankur Garg
(Expert)
20 September 2010
Hello,
Strict provisions relating to managerial remuneration are not applicable to a private company. So a private company is free to give any remuneration to its directors subject to the provisions of its articles.
You are requested to check your article for any provisions regarding remuneration.
A private company can also give remuneration in case of loss.
Thanks
Strict provisions relating to managerial remuneration are not applicable to a private company. So a private company is free to give any remuneration to its directors subject to the provisions of its articles.
You are requested to check your article for any provisions regarding remuneration.
A private company can also give remuneration in case of loss.
Thanks
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