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PVT LTD COMPANY
whole time director how to fix salary
Replies (3)
If your company has only WTD then salary would be 5% of the net profit
WTD is executive director.
thus, if company has only one executive director, then 5% of net profit.
and, if company has more than one executive director, then 10% of net profit.
thus, if company has only one executive director, then 5% of net profit.
and, if company has more than one executive director, then 10% of net profit.
well section 197 of Companies act 2013 is not applicable on pvt co as per 5 june 2015 notification
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