hello friends,
is there any difference in directors salary and directors remuneration. if yes than can a company give salary to director more than that of their paid up capital ?
Arpit Pachisia (CA) (734 Points)
13 January 2014hello friends,
is there any difference in directors salary and directors remuneration. if yes than can a company give salary to director more than that of their paid up capital ?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 01 February 2014
Remuneration consists of salary and/or perquisites. Remuneration is a broader term. Some directors could get remuneration in the form of commission only and no salary. Directors' remuneration could be in excess of paid-up capital also subject to compliance of other provisions of the Act.
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