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Salary figure to director of pvt ltd com

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2013 is there is any monetary figure mentioned in company act for salary to the director of a pvt ltd company.
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Ajay Mishra

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Ajay Mishra (Expert)
01 August 2013 Hi


The provisions of Companies Act, 1956 and Schedule XIII deal with remuneration of director will not applicable to private limited company. Such provision is applicable only public company and its subsidiary.

The remuneration of directors of the private company is totally governed by their company articles. If the Company’s article permits to pay remuneration you can give remuneration without any restriction. For this you will pass a Board Resolution for payment of remuneration.
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