Remuneration of directors
This query is : Resolved
Harshad Parab
(Querist)
19 August 2012
In Pvt.Ltd. co. a director is holding position as Jt.M.D. and full time director in that company & remuneration is paid. He is also director in other Pvt.Ltd. co. My question is: Whether he can take remuneration in other company.
Ajay Mishra
(Expert)
19 August 2012
Hi
Yes, he can take remuneration from two companies, please read Schedule XIII of the Companies Act, 1956.
Companies Act, 1956 not restrict to pay remuneration to director from more than one company.
Yes, he can take remuneration from two companies, please read Schedule XIII of the Companies Act, 1956.
Companies Act, 1956 not restrict to pay remuneration to director from more than one company.
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