Managerial remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2013
Would reimbursement of EMI of car loan to NED constitute remuneration u/s 198 or 309 of The Companies Act
Ajay Mishra
(Expert)
27 September 2013
You can not pay any money other than sitting fee to its non executive directors.
Check your company's articles on it.
Check your company's articles on it.
Ankur Garg
(Expert)
27 September 2013
Yes.
This payment will be considered as remuneration to NED.
This payment will be considered as remuneration to NED.
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