If an individual becomes md & ceo both in pvt ltd. company

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My query is this, if an individual holds the position of both MD & CEO  in pvt. ltd co. he is also promoter of the company then what should be his/her remuneration and how will it be calculated.

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In private company everyting is to be decided by the Board. Sections of remuneration and WTD are not applicable to the Private companies.

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