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director salary

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(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
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Ankur Garg

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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
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Mohit Garg

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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.
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Pavan Kumar Gupta

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Pavan Kumar Gupta (Querist)
24 September 2010 dear sirs,

Thanks both of u
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CA. Anuj Gupta

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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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