Director's remuneration
This query is : Resolved
Shobhit Jain
(Querist)
03 August 2018
Whether Pvt Co. can retrospectively increase remuneration of director's by passing board resolution?
KAVIRAJA ADDANGADI
(Expert)
03 August 2018
Second 197 of Companies Act Limit of yearly remuneration Not applicable on private limited company. You can receive salary by resolution with board approvals.
Shobhit Jain
(Querist)
04 August 2018
But whether remuneration can be increased retrospectively??
KAVIRAJA ADDANGADI
(Expert)
04 August 2018
Yes you can increase remuneration.
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