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remuneration
why there is no provision for calculating remmuneration to directors of pvt company when there are restrictions/provision for calculating remmuneration of directors of public company and even for partners of firm
Replies (3)
Its because, in case of private company the funds are of few people and they managed by themselves or person appointed by them (director). and they will only pursue their best interest.
yes... but there are restrictons for partners of firm u/s 40(b) and they are also using their own capital and their liability is also unlimited
thank you and congratulations
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