Fixing of Directors renumaration
This query is : Resolved
Ankur Garg
(Expert)
14 May 2010
Strict provisions relating to remuneration are not applicable to a private company. So if your company is a private company u may pay any remuneration subject to the provisions of your articles.
For public company kindly refer section 198 and section 309(3) and (4) along with schedule XIII if your company is a loss making company.
For public company kindly refer section 198 and section 309(3) and (4) along with schedule XIII if your company is a loss making company.
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