prabhaaas (Company Secretary and Cost Accountant) (116 Points)
30 January 2015Dear all
Can anyone help me understand What are the exemptions enjoyed by a private limited company with reference to Directors Remuneration under the Companies Act 2013?
R.S.GOWDHAMAN
(DGM(F&A) & COMPANY SECRETARY)
(24 Points)
Replied 30 January 2015
Pvt Companies are not governed Sec 197 provided the profit are sufficient to meet the Diectors Remunerations. If the profit is not sufficient or no profit then they have to follow the Sec 197 of CA Act 2013. This is the prvileges can enjoy by a pvt company.
R.S.Gowdhaman
prabhaaas
(Company Secretary and Cost Accountant)
(116 Points)
Replied 30 January 2015
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