Is there any limit for payment of remuneration to wholetime Director in a private company ?
Do we need to file the resolution with ROC or obtain any approval for making such payment ?
Pooja M (CS) (102 Points)
08 September 2016Is there any limit for payment of remuneration to wholetime Director in a private company ?
Do we need to file the resolution with ROC or obtain any approval for making such payment ?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 08 September 2016
- No limit on remuneration.
- MGT.14 not required to be filed for WTD. [Sec.117(3) is applicable for MD]
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