In a Pvt Ltd. Co. . Is there any difference between Director Remuneration and Salary to Directors
If
1. Can a same director get both of them
2. Is there any limit or maximum cap on any of them
Rajat (India) (76 Points)
26 February 2010In a Pvt Ltd. Co. . Is there any difference between Director Remuneration and Salary to Directors
If
1. Can a same director get both of them
2. Is there any limit or maximum cap on any of them
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 26 February 2010
Practically speaking there is no difference between director remuneration and director salary.
Strict provisions relating to managerial remuneration are not applicable to a private company. Hence you may give the desired remuneration to your directors subject to the provisions of your articles.
Plz check your Articles.
CourseCart.in
(Mentor at SHAYVIDZ Academy)
(3756 Points)
Replied 26 February 2010
fully agreed wid ankur sir..
Rasesh
(CS CWA MBA (Fin) B.Com LL.B (Spl))
(6501 Points)
Replied 26 February 2010
Agree with experts. There is a maximum cap for the Public limited companies. i.e. percentage of profits as per Sec 249 & 250 or Schedule XIII
veeranjaneyulu
(to know more knowledge regarding tax accounting .)
(22 Points)
Replied 05 February 2017
What about in point of TDS deduction. which one is better to director ?? either salary or remuneration ??
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