In my opinion u should go thorugh the provisions of section 198, 269 read with schedule xiii to the Act, 309,349 and 350 of the Companies Act, 1956.......
The provisions of appointment and remuneration of MD/WTD is not apply to private company, it govern by their own articles.
In case of public company, the provisions of sections, 198, 269, 309, 310,311, 314 and 350 read with Schedule XIII of the Companies Act, deal with appointment and remuneration of MS/WTD.
How r u? I have a point to make in ur reply as above.....
All the sections as quoted by you are correct and paertains to Appointment and remunerations of Directors but section 314 pertains to Holding of Office/Place of Profit by Directors/Relatives and in my opinion this will not fit in the answer to the query posed by Priya as she is looking for the provisions pertaining to Director's remuneration...
Thanks for acknowledge for the section 314, I just replied on Ms. Priya queries "all provision related to remuneration".
Section 314 to be take into account to check whether a director are receiving any remuneration in company in other way.
I will also suggest you to follow the provisions of section 314 at the time of payment of remuneration giving to directors because any money given to a director for other services will cover under this section.
CAclubindia
