Remuneration for directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2010
Dear Sir/Madam,
Directors of pvt co can get the remuneration as per companies act ceiling.....in a profit making co...how can a director can be benefited apart from remuneration....
My means to say that can director of a pvt co.. can keep profit with himself? if yes how?
Directors of pvt co can get the remuneration as per companies act ceiling.....in a profit making co...how can a director can be benefited apart from remuneration....
My means to say that can director of a pvt co.. can keep profit with himself? if yes how?
18 June 2010
Hi,
Kindly appreciate strict provisions and ceilings relating to managerial remuneration mentioned in companies act, 1956 are not applicable to a private company.
Hence you are free to give any managerial remuneration to your director in your private company subject to the provisions of your articles.
Regards
Kindly appreciate strict provisions and ceilings relating to managerial remuneration mentioned in companies act, 1956 are not applicable to a private company.
Hence you are free to give any managerial remuneration to your director in your private company subject to the provisions of your articles.
Regards
18 June 2010
agree with expert Ankur Garg
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- TDS on Fixed Assets purchased
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
