Can director of a pvt ltd company take personal fee?

The answer to all your queries is yes.

YEs ,i think no issues on that.

Originally posted by : Prabeer
	The answer to all your queries is yes.

Do the other director's of the company can claim a share in this personal income which he earns from freelancing? 

Directors can not claim.

Facts of the case are as follows:

1, The company in question where the director holds office is a pvt limited company.

2. There are 3 other subscribers to the MoA of this pvt company who are his fellow directors on the Board.

Response:

 The Director in question can  continue with his freelancing work and take consultation fee in his personal account if both of the following situations are inapplicable to him:-

      (a) He is  an employee director of the private ltd co. who draws remuneration from the company.

      (b)  He is  party to  non - compete agrement with the company.

Thanks

Vinod