Managerial remuneration to directors of private companies

This query is : Resolved 

22 December 2015 Is there any ceiling to pay remuneration to its directors in case of private company?
does section 197(1) applies to private company?

22 December 2015 No..Section 197 does not apply to Private Companies.

23 December 2015 what about ceiling to pay remuneration?

23 December 2015 There are no limits for remuneration to Directors in case of Pvt Ltd Co.


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