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Director's salary

This query is : Resolved 
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(Querist)
03 July 2012 Can a director of the private limited company received salary from more than one company.? (All are pvt. ltd. company.)
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Sanket

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Sanket (Expert)
03 July 2012 Presuming the private companies are "stand alone", director can receive
salary from more than two private companies if:

(a) he is acting as MD (not WTD) in such company(s) - (compliance of Section
316(2) not required by such private company(s))

(b) he is acting as Non executive director in such company(s) - with
compliance of Section 309(4)

Also note: For the purpose of point 2 & 3, Section 309(6) should be
complied.
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amit trivedi

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amit trivedi (Querist)
03 July 2012 A director is simple director in 5 company. He received only salary from all five companies. then
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Sanket

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Sanket (Expert)
03 July 2012 Yes He Can.....
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