25 January 2018
If company is a private company then there is no limit of remuneration to its directors. However, if company is a public company, pls refer sec.197 and Schedule V. As per this schedule, if company is having inadequate profit then company may give remuneration as per thier effective capital, not exceeding 60 lacs, 84 lacs, 120 lacs as given in the table mentioned in the schedule V. However, if the public company desire to give more than the limit prescribed in the said table, it has to get the same approved by shareholders by passing special resolution.
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