Remuneration to director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2013
In case of private limited company, how to calculate remuneration to director.whether any section is applicable to remuneration to director as per companies act, 1956.
21 August 2013
there is no cap on director remuneration for private limited companies under companies act 1956..
in pvt company remuneration can be decided by articles of company
in pvt company remuneration can be decided by articles of company
21 August 2013
Hi
The provisions of Companies Act, 1956 and Schedule XIII deal with remuneration of director will not applicable to private limited company. Such provision is applicable only public company and its subsidiary.
The remuneration of directors of the private company is totally governed by their company articles. If the Company’s article permits to pay remuneration you can give remuneration without any restriction. For this you will pass a Board Resolution for payment of remuneration.
Hi
The provisions of Companies Act, 1956 and Schedule XIII deal with remuneration of director will not applicable to private limited company. Such provision is applicable only public company and its subsidiary.
The remuneration of directors of the private company is totally governed by their company articles. If the Company’s article permits to pay remuneration you can give remuneration without any restriction. For this you will pass a Board Resolution for payment of remuneration.
21 August 2013
deduct TDS @10% on remuneration paid to directors
22 August 2013
As per Board of Resolutions by Director
22 August 2013
Agree with experts.
Strict provisions related to remuneration are not applicable to a private company. A private company can give any remuneration to its directors subject to provisions of articles.
Thanks
Strict provisions related to remuneration are not applicable to a private company. A private company can give any remuneration to its directors subject to provisions of articles.
Thanks
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