Director remuneration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2015 Dear expert
plz let me know that how much remuneration can be paid to director in the pvt. ltd. company. kindly let me know as per the income tax as well as the as per company act also

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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11 March 2015 Section 197 of the Companies Act, 2013 prescribed the maximum ceiling for payment of managerial remuneration by public company.

Remuneration by private company to its director is governed by Articles of Association of the Company.

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2015 Dear sir.
is there any specified section in company act 2013, for pvt. ltd. company in respect of remuneration

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CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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11 March 2015 No. There is no specified section for private company relating to remuneration of directors

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2015 Dear sir.
it means the board of director will decide
that how much remuneration should be given to director...
am i right....