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Directors remuneration

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2016 Is it possible that in a private company no director is receiving any remuneration or fees etc. Do the company is obliged to pay remuneration?
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Ankur Singhal

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Ankur Singhal (Expert)
05 January 2016 Company is not oblige to pay remuneration.
But you are advised to show atleast Re. 1 as remuneration of each director.
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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2016 If a company is not providing directors remuneration,and now it desires to provide the same ,what formalities it have to follow.
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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2016 If a company is not providing directors remuneration,and now it desires to provide the same ,what formalities it have to follow.
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Ankur Singhal

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Ankur Singhal (Expert)
05 January 2016 Dear
no such formality is there as it is the decision of the BOD whether to pay remuneration or not.

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