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Remuneration to directors

Sachin (student) (214 Points)

30 November 2011

1. Can remuneration be paid to directors in board meeting in a private Limited Company. (directors are not Md/Manager)

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4 Replies

bhavik mehta (C.A.) (526 Points)
Replied 30 November 2011

ya if any provision in article of assosiation then remuneration can be paid to directors of private company.

Charu Srivastava (Company Secretary) (4210 Points)
Replied 30 November 2011

if its articles do not prohibits so.

GULRAJ AILANI (CA) (234 Points)
Replied 30 November 2011

The provision for payment of remuneration to Managing Director,whole Time director and sitting fees for board meeting to non executive director applys only to public companys only. Hence in private company we can pay Director remuneration to non executive director also.