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Managerial remunaration

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(Querist)
10 November 2011 Can a Director(Not a Managing Director) of a Private Limited Company draw salary(remuneration) from the Company.
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Veeraraghava Narasimhan

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Veeraraghava Narasimhan (Expert)
10 November 2011 yes can draw. Article must provide
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
10 November 2011 Strict provisions of remuneration are not applicable to a private company. So you can pay any remuneration to your directors subject to the provisions of AOA.

RG




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