Limits for directors remuneration
This query is : Resolved
12 October 2009
Do the limits for managerial remuneration for direcotrs in Sec 198, Schedule XIII of the Companies Act, 1956 apply to the private company also?
Awaiting a quick reply.
Arvind
Awaiting a quick reply.
Arvind
Ankur Garg
(Expert)
12 October 2009
NO
The strict limits of Managerial Remuneration u/s 198,309 and Schedule XIII which are applicable to a public company are not applicable to a private company.
In private company Managerial Remuneration provisions are mostly governed by Article of the company.
Regards
The strict limits of Managerial Remuneration u/s 198,309 and Schedule XIII which are applicable to a public company are not applicable to a private company.
In private company Managerial Remuneration provisions are mostly governed by Article of the company.
Regards
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