Working Director Salary

455 views 2 replies

I and my wife are the two directors of our company. We work full time in our company

[Pursuant to sub-section (2) of section 7 and sub-section (1) of section 8 of the Companies Act, 2013 (18 of 2013) and rule 18 of the Companies (Incorporation) Rules, 2014].

I want to know, can we get salary from our company.

If yes, what is the max salary per month we get.

 

Replies (2)
As Prescribed In Resolution Passed or In an Appointment letter ,If Both are having some field of experience/expertise or professional acumen then it will be out of scope of RPT u/s 188, Appointment/ Increase in remuneration ( subject to AOA) will also be confirmed later by shateholder's by ordinary resolution

For private limited company, there is no limit for remuneration as Section 197 of the Act only applies to public companies. Both directors can take as much salary as required.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details