Remuneration to Private company Director
This query is : Resolved
10 February 2011
Remuneration to Directors of private limited company governed by which section of Companies Act.Is there any monetary limitation.Is any approval of Central Govt. required.
Sunil Kr. Sanganeria
(Expert)
10 February 2011
Private limited companies are not subject to any limits on managerial remuneration. No Central Government approval is required
Message likes :
1 times
CA Sanat Pyne
(Expert)
10 February 2011
Sch. XIII is not applicable to Pvt. companies, hence there is no limit on extent of directors' remuneration.
its also not mandatory to pay any remuneration to directors and it can well be NIL (even for MD/WDs also)
its also not mandatory to pay any remuneration to directors and it can well be NIL (even for MD/WDs also)
Jayashree S Iyer
(Expert)
11 February 2011
Private Companies are free to fix the remuneration of its Directors. The limits specified in 198, 309, 310 and Schedule XII are not applicable to private companies.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
