Remuneration to whole time director of Private Company

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Aarti Bhasin (Querist)
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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

Ankur Garg (Expert)
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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

Ankur Garg

Ankur Garg (Expert)
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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

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