directors remunaration
This query is : Resolved
ABY VARGHESE
(Querist)
26 July 2010
how to calculate directors remunaration if company suffers loss
Ankur Garg
(Expert)
26 July 2010
In case of loss or inadequate profits schedule XIII of companies act, 1956 is applicable to manage the payment of remuneration to directors in public company.
However in case of a private co. there is no restriction.
Regards
However in case of a private co. there is no restriction.
Regards
26 July 2010
agreed with expert... but schedule XIII would be applicable only for Whole time directors and MAnaging directors
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