Remuneration to executive directors

Dear All,

a) A public limited company wants to pay remuneration to its executive director. Please note that the company is planing to pay remuneration to its managing director as per schedule V of the Companies act 2013 i.e. under inadequate profits then how shall  the executive director is to be paid as there is no sufficient profit in the Company?

b) is section 196, 197, 198 of the Co. act 2013 applicable to private Co. ?

thanks and rgds,

Nidhi Kapoor

Company Secretary