Directors remuneration
This query is : Resolved
02 July 2015
RESPECTED SIR,
THERE ARE 3 DIRECTORS IN A PUBLIC LIMITED COMPANY. ALL THE DIRECTORS ARE WHOLE TIME DIRECTOR. THE TURNOVER OF THE COMPANY FOR THE F.Y. 2014-15 IS RS. 178.00 CROREAND BOOK PROFIT IS RS. 83.00 LACS
SIR, HOW MUCH SALARY CAN BE PAID TO ITS DIRECTORS ?
WITH REGARDS
THERE ARE 3 DIRECTORS IN A PUBLIC LIMITED COMPANY. ALL THE DIRECTORS ARE WHOLE TIME DIRECTOR. THE TURNOVER OF THE COMPANY FOR THE F.Y. 2014-15 IS RS. 178.00 CROREAND BOOK PROFIT IS RS. 83.00 LACS
SIR, HOW MUCH SALARY CAN BE PAID TO ITS DIRECTORS ?
WITH REGARDS
Arpit Shah
(Expert)
02 July 2015
https://taxguru.in/company-law/appointment-remuneration-managerial-personnel-companies-act-2013.html
Ankur Garg
(Expert)
03 July 2015
This is the case of inadequate profit for the purpose of giving Loan to Director.
You can pay remuneration to directors as per schedule V of companies act 2013. For limits and conditions kindly refer Section II of Part II of the schedule.
Thanks
You can pay remuneration to directors as per schedule V of companies act 2013. For limits and conditions kindly refer Section II of Part II of the schedule.
Thanks
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