Can a Director of a Private Limited company who is holding majority shares take professional fees from the company instead of directors remuneration.?
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Prof fees for director of pvt ltd co
Replies (1)
Hi,
Yes a Director of a Private Limited company, holding majority shares, can take professional fees from the company instead of director’s remuneration.
However kindly appreciate strict provisions of managerial remuneration are not applicable to a private company. Hence you are also free to give any remuneration to your director subject to the provisions of your articles.
Tx
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