banner_ad

Remuneration of Technical director.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

Guest

Profile Image

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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details