Can anyone please tel me wether there is any limit in payment of salary to any manager o any personel in a pvt. limited company?
please give a detail discussion on this topic ...
THANKS & REGARDS,
(Company Secretary and Compliance Officer)
Replied 11 February 2012
Strict provisions relating to managerial remuneration are not applicable to a private company. Hence you are free to give any remuneration to your director and manager subject to the provisions of your Articles.
Do not forget to check your articles for any kind of restrictions.