Remuneration of Technical director.
This query is : Resolved
02 July 2008
Our company has appointed a person as an additinal director w.e.f 20/03/08. now, actually we want to appoint him as technical director. the company has no profits becoz in the gestation period. now how much maximum salry we can give to him per month.? what are the restrictions to the salary of other direcors. whether schedual xiii applies? our company is the subsidary of a public company. what is the procedure for his remuneration to be paid from april to june.
Guest
Guest
(Expert)
07 October 2009
The maximum salary would be calculated on the basis of composition of directors, As schdule XIII is applicable to your company.
Appoint the person as the independent director and paid him the salary on the basis of sitting fees.
As, most of the companies appoint technical person as independent director
Appoint the person as the independent director and paid him the salary on the basis of sitting fees.
As, most of the companies appoint technical person as independent director
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