Managerial remuneration to a director of a pvt ltd co

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yog (Querist)
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22 April 2016 Querry :
1) What is the maximum amount of managerial remuneration payable to a director of Private limited company.

2) What is the maximum amount of commission remuneration payable to a director of Private limited company

can any 1 reply to the above subject

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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22 April 2016 In case of Private Company there is no restriction. You can give any remunetation / commission by way of Board Resolution.

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yog

yog (Querist)
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22 April 2016 whether a copy of the board resolution is to be submitted to ROC, stating the percentage of commission & managerial remuneration payable to a director during the financial year

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CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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25 April 2016 No, in case of private company not required.