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Fixing of Directors renumaration

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(Querist)
14 May 2010 What is the Cretria for fixing the Director Renumaration.
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Ankur Garg

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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.
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