Remuneration to Director from another comapny
This query is : Resolved
12 December 2022
Whether a Director appointed to the Board of the company "X" can get remuneration from another Company "Y"?
12 December 2022
Yes, he can get remuneration from another company.
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12 December 2022
Thank You for your reply, if possible then please let me know that under which provision we can deduce the same?
13 December 2022
Section V of Part II of Schedule V clearly provides that a managerial person shall draw remuneration from one or both companies, provided that the total remuneration drawn from the companies does not exceed the higher maximum limit admissible from any one of the companies of which he is a managerial person.
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