Remuneration to whole time director of Private Company
This query is : Resolved
Aarti Bhasin
(Querist)
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..
Ankur Garg
(Expert)
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
Ankur Garg
(Expert)
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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