Remuneration to whole time director of Private Company
This query is : Resolved
13 August 2009
hi..As section 198,309 and Schedule XIII place some limit on the remuneration of Whole time director of a public company, is there any restriction or limitation as such in case of whole time director of a private company being newly appointed..
13 August 2009
Hi Aarti,
No there is no restriction on the remuneration in case of private limited company.
A private limited company is exempted from the provisions of manageraial remuneration.
Regards
No there is no restriction on the remuneration in case of private limited company.
A private limited company is exempted from the provisions of manageraial remuneration.
Regards
13 August 2009
But be careful about the applicability of Section 314. As Section 314 is applicable to a Private Limited Company.
Revert if there is any doubt.
Regards
Revert if there is any doubt.
Regards
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