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Director salary/remuneration in private company

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(Querist)
15 February 2017 Dear Sir,
please provide the section reference related to Director remuneration in Private Company. Maximum Amount that can be paid to Director in a Private Company. Provide Section Reference for Private Company Director Remuneration


Regards

Priya
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
21 February 2017 section 197 which deals with remuneration payable to managerial personnel is applicable to public companies only. There is no restriction on payment of remuneration to directors of private limited company.
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