Directors Remuneration
This query is : Resolved
CA Ankit Zaveri
(Querist)
05 September 2009
Please explain the procedure as per the Companies Act for payment of remuneration to a Director of a Private Limited Company who is also a Managing Director of some other Private Limited Company and is also a shareholder in both the Priave Ltd., Companies. Also the profit of the Company that wants to pay remuneration to its Director/Directors is less.
Ankur Garg
(Expert)
05 September 2009
Hi,
Strict provisions related to managerial remuneration are not applicable to a private company.
So by passing a board resolution you may give remuneration to your director.
Regards
Strict provisions related to managerial remuneration are not applicable to a private company.
So by passing a board resolution you may give remuneration to your director.
Regards
05 September 2009
Yes, I agree with above expert.
Provisions of companies act relating to directors remmuneration does not apply to a private company.
Provisions of companies act relating to directors remmuneration does not apply to a private company.
Ankur Garg
(Expert)
06 September 2009
Thanks sreedhar
07 September 2009
Thanks and welcome Mr.Ankur Garg ji
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