Salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 December 2012
What is the Maximum Salary for M.D of Private Limited Company with Authorized Capital 1,00,000/- ?
Ajay Mishra
(Expert)
11 December 2012
Hi
The provisions of remuneration to directors of the Companies Act, 1956 will not apply to private limited company. So it will depend on management to decide the maximum remunerations. It will depend on the company's articles.
You are free to pay any remuneration it is not related to authorised capital.
The provisions of remuneration to directors of the Companies Act, 1956 will not apply to private limited company. So it will depend on management to decide the maximum remunerations. It will depend on the company's articles.
You are free to pay any remuneration it is not related to authorised capital.
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