1) Is there a limit on director remuneration in a private company
2) Whether a private company can increase the director remuneration of its existing directors
3) What is the procedure for such increase
4) Copy of board resolution passed
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Increase in Managerial Remuneration by private company
Replies (1)
Board Resolution is enough, section 197 or 198 is not applicable on pvt company ,no shareholders approval is required except anything contrary mentioned in AOA.
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