Can a Pvt Ltd Company Directors Salary be reduced in the middle of the financial year?

Can a Pvt Ltd Company reduce the salary of Directors in the middle of the year because of poor financial performance? From 1.5 Lacs to 1 Lac per month? Company is already in loss from past 3 years and has carried forward losses.

Replies (6)
Quick Summary
This discussion explores whether a Private Limited company can reduce its directors' salaries during the financial year, even if the company has incurred losses for several years. While initial responses suggest it might not be possible, further clarification indicates that a reduction could be permissible, particularly if the director provides written consent. The Companies Act 2013 and the need for a special resolution are highlighted as key considerations.

Yes, it's can reduce...
Not possible

Why not? Protecting bottom line for its stakeholders supersedes paying Director's salary if Director has given written consent? 

Its as per rules laid down in the companies actv2013.
But possible with a special resolution
Please avoid such stupidity replies My Dear Great Mr Sabyasachi Mukherjee...


In Your first reply -->> Not Possible

In Your second reply --->> Its as per rules laid down in the companies actv2013.
But possible with a special resolution

You are always confused...
And make confusion to query and Querist...

Stupid Sabyasachi, Please read query and give reply properly...
She or he is just posting nonsense on each and every post and all that for now reason.

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