Sec 309 applicability
This query is : Resolved
Premnath. M
(Querist)
12 November 2008
Whether sec 309 is applicable in case of a private company or not? If not is there any procedure to be coplied by the company to pay Remuneration to the directors?
Deepak Agrawal
(Expert)
12 November 2008
I have uploaded file of bare act of corporate law.
Download it.
Also no seperate calcultion is there for Pvt Co.
Download it.
Also no seperate calcultion is there for Pvt Co.
S Kedarnath
(Expert)
12 November 2008
A private co can pay remuneration in accordance with the provisions contained in the AOA.
S.Srinivasaraghavan
(Expert)
12 November 2008
Company law does not restrict a pvt company in payment of remuneration to directors.
Ravikumar.G
(Expert)
17 November 2008
The restrictions on payment of managerial remuneration contained u/s 198,309, 387 & Sch XIII do not apply to a private company.
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