Tally

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

RAHUL M (PROPREITOR)     13 December 2017

Beneficiary retiring director's portion of retiring amount

A BENEFICIARY DIRECTOR RETIRES FROM  A PRIVATE LIMITED COMPANY, HOW THE PROFITS OF THE COMPANY BE GIVEN TO HIM WHEN HE RETIRES IN THE MIDDLE OF THE FINANCIAL YEAR



 1 Replies

Jenil Shah

Jenil Shah   14 December 2017

According to me Company as a legal entity dont share its profit or loss among their directors....
Directors can only take the remuneration as decided by the company read with the Companies Act 2013
So if directors remuneration is say for eg 12 lakh for a year and if he retires after 5 months then accordingly company is liable to pay the dues related to its till date remuneration only i.e. 5 lakhs

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags