Salary of a Managing Director of a Private Limited Co
This query is : Resolved
25 July 2010
Is there a limit on the salary that a managing director of a private limited company can withdraw? Is there any relation between the total capital investment in the company by the director and his/her salary?
Also is there a difference between the terms "salary to a managing director" and "remuneration of a managing director"? If so is there a limit on either of them?
Also is there a difference between the terms "salary to a managing director" and "remuneration of a managing director"? If so is there a limit on either of them?
25 July 2010
Overall limits to managerial remuneration is not applicable to a private limited comapany unless it is a subsidiary of a public company.
Remuneration and capital investment of the company is not related.
Generally there is no difference between remuneration and salary. But depends how company describes it in the articles / resolutions etc.
However a private company has to take care of the matters of remuneration through the clauses of it Articles of Association.
Remuneration and capital investment of the company is not related.
Generally there is no difference between remuneration and salary. But depends how company describes it in the articles / resolutions etc.
However a private company has to take care of the matters of remuneration through the clauses of it Articles of Association.
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