Commission Paid to Dircetor
This query is : Resolved
19 March 2009
Respected Sir / Madam,
Can a Dircetor or Dircetors of Pvt Ltd Company take Commission in huge amount other then Remuneration received on mothly basis ? What are the norms regarding that ?
Regards
Ashok Kumar Vyas
Can a Dircetor or Dircetors of Pvt Ltd Company take Commission in huge amount other then Remuneration received on mothly basis ? What are the norms regarding that ?
Regards
Ashok Kumar Vyas
13 May 2009
Restrictions regarding managerial remuneration are not applicable to a Pvt. Company.
In a pvt company decision to remunerate a director is subject to the approval of board as well as articles of the company.
Regards
In a pvt company decision to remunerate a director is subject to the approval of board as well as articles of the company.
Regards
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