Payment to directors
This query is : Resolved
09 March 2013
i have formed a pvt.ltd co. this year with a paid up capital of rs.500000. i want to know is there any provision regarding amount to be paid to directos. i am willing to pay my two directors rs.20000 each, can i do so
09 March 2013
Hi
If you are paying him as remuneration then no issue. Because, the provision of remuneration to director of Companies Act, 1956 is not applicable to private limited company.
If you are paying him as remuneration then no issue. Because, the provision of remuneration to director of Companies Act, 1956 is not applicable to private limited company.
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