Directors's renumeration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2012
can renumeration of director & finance manager of a pvt. ltd. co. be increased with retrospective effect?
what is the procedure to increase it retrospectively?
its urgent.
what is the procedure to increase it retrospectively?
its urgent.
09 November 2012
Hi
Yes, you can increase remuneration of director and finance manager retrospectively under the Companies Act, 1956.
Call a Board meeting and increase the remuneration of directors. The remuneration details is required to be given in Director report if he covered under the Companies (Particulars of Employee) Rules, 2011 and Balance sheet.
As per AS-18 it is required to be disclosed under Related Party Transactions.
Yes, you can increase remuneration of director and finance manager retrospectively under the Companies Act, 1956.
Call a Board meeting and increase the remuneration of directors. The remuneration details is required to be given in Director report if he covered under the Companies (Particulars of Employee) Rules, 2011 and Balance sheet.
As per AS-18 it is required to be disclosed under Related Party Transactions.
09 November 2012
The provisions of Companies Act, relating to remuneration of directors will not apply to private limited company.
The remunerations of directors of private limited company is govern by their AOA.
The remunerations of directors of private limited company is govern by their AOA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sales of goods of amount Rs77 lakhs to a party
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- Value of Perquisite Tax Borne by Employer
- Query related to CA/CS/CMA Firm
- Schedule Dpm under 44ada no account casr
- Automatic MIS from Tally ERP
- TDS on purchase of property through EOI
- TDS Retunr Statement Status
- Taxability and TDS treatment on Crypto futures
- Tax Demand of ₹4,650 for AY 2026-27
- FOB freight
- GST applicability on Shipping charges
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
