Pvt. co. - managerial remuneration applicable ??

Hi,  

One simple and clear question : is Section 197 and Schedule V (Part II) is applicable to a Private Limited Company?

regards

No. 

Section 197 of the Companies Act, 2013 prescribed the maximum ceiling for payment of managerial remuneration by a public company

Thanks Mitesh,

Therefore, if a private company is in loss then also it can pay the remuneration to its managing director without having any board or shareholder approval correct?

regards

yes. 

private company can pay remuneration even in case of loss