Hi,
Is there any restriction on the amount of Salary that can be paid to the directors of a Private limited Company?
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Restrictions on the amount of Salary for the Directors of Private Limited Company
Replies (4)
No there is no limit.... maximum capping limit mentioned in the act. which can be doubled by passing special resolution
I think there is no limit on directors remuneration incase pf pvt ltd company but AO can apply the provision of sec. 40A(2) of income tax. sec. But in case of public company there is limit given us 197 of co. act.
What is. a small company under section 2(85}
There is no specific limit of remuneration in a private limited Company. However if such Director is designated as Key Managerial Personnel pursuant to the provisions of section 203 of the Companies Act 2013, then such remuneration of key managerial personnel shall be approved by the Board of Directors by passing board resolution board meeting- section 203(2)
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