Directors remuneration

Dear Members,

Kindly guide me in following issue, if possible,

If a company is a private ltd, which is subsidary of unlisted public ltd company, in this case Directors of the private company are to be paid menegerail remuneration.

Please let me know what sections of companies act, 1956  will be applicable on them and what would be procedure for it.

Looking forward to your valuable reply.

Regards,

Harvinder

Company Secretary