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.
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Can a Pvt Ltd Company Directors Salary be reduced in the middle of the financial year?
Replies (6)
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
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...
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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