Directors Salary
This query is : Resolved
Sarika Agarwal
(Querist)
06 November 2008
The COmpany X is a Indian Private Company. ABC is a foreign director and he is paid salary and not Directors remuneration. Then is there some procedure.. The Board will only take on record that ABC is being paid salary. are there any limits for private company. Directors remuneration is not paid only salary is paid. kindly guide.. send mail to agarwal.sarika@in.kline.com
S.Srinivasaraghavan
(Expert)
06 November 2008
A private company is free to fix the remuneration/salary of its director in the manner prescribed by its own articles.
Sarika Agarwal
(Querist)
06 November 2008
The articles does not specify anything about the payment of remuneration / salary.. to the directors.
S.Srinivasaraghavan
(Expert)
06 November 2008
THen pass a resolution in the BOard meeting.
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