Query on managerial remuneration u/s 197 of CA 2013

This query is : Resolved

abhijit majumder (Querist)
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06 November 2025 Sir
Section 197 of CA 2013 prima facie not applicable to Pvt Ltd Company.
My query is :
A Pvt ltd Company incorporated in India & wholly owned subsidiary of a Foreign Company(a big Company) does Section 197 applicable to that Pvt Ltd subsidiary Company ?
Regards
Abhijit

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 November 2025 No. - Being a subsidiary of a foreign company does not change its classification under Indian law. If it remains a private limited company, Section 197 does not apply.

Even if the foreign parent is a listed entity abroad or a large multinational, the Indian subsidiary’s compliance is governed by its own legal status under Indian law.

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