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.
10 February 2011
Private limited companies are not subject to any limits on managerial remuneration. No Central Government approval is required
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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)
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.
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