director salary
This query is : Resolved
Pavan Kumar Gupta
(Querist)
23 September 2010
Dear Team,
I am working with a pvt Ltd company there is only 2 director 1. boss 2. his wife
1.any borad letter needed for paying director salary
2. Can i pay
200000 per month to my boss (in director salary)
50000 par month to second director
with any legal problems
Please replay asap possible with mobil no
Pavan kumar
7838847048
I am working with a pvt Ltd company there is only 2 director 1. boss 2. his wife
1.any borad letter needed for paying director salary
2. Can i pay
200000 per month to my boss (in director salary)
50000 par month to second director
with any legal problems
Please replay asap possible with mobil no
Pavan kumar
7838847048
Ankur Garg
(Expert)
23 September 2010
Kindly appreciate strict provisions relating to managerial remuneration are not applicable to a private company. So you are free to give any remuneration to your directors subject to the provisions of your articles.
Regards
Regards
Mohit Garg
(Expert)
24 September 2010
I am completely Agree with Mr. Ankur. Check Articles of Association and pay any remuneration, no provision in Cos. Act related to Salary applicable to pvt. co.
Pavan Kumar Gupta
(Querist)
24 September 2010
dear sirs,
Thanks both of u
Thanks both of u
CA. Anuj Gupta
(Expert)
24 September 2010
Take care to deduct appropriate TDS under Income Tax Act before paying such salary
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