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REGARDING BUSINESS

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(Querist)
27 September 2019 Dear ALL

My self and my friend had decided to start a small Company.
I that case me and my friend would be the directors and promoters of the company

My query is that what is monetary benefits available to us.

Are we eligible for any monthly salary or any fixed fee. Is there any limit for salary or director fee fixation .
Also are we eligible for any profit sharing .

Thanks you
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 September 2019 You are eligible for monthly salary as directors no limit. Profit sharing by way of dividend also allowed.
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