Remuneration

In case of Private Limited Company,
Whether it is complusory to take approval of Central Government for Increase in Director/Managing Director's Remenuneration ??

Replies (1)

No it is not required at all. However if section 314(1B) is applicable and salary is more than 50000 p.m. then you may require CG approval.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register