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Managerial remuneration to directors of private companies

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(Querist)
22 December 2015 Is there any ceiling to pay remuneration to its directors in case of private company?
does section 197(1) applies to private company?
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Pratik Shah

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Pratik Shah (Expert)
22 December 2015 No..Section 197 does not apply to Private Companies.
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Shivam Gharat

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Shivam Gharat (Querist)
23 December 2015 what about ceiling to pay remuneration?
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Pratik Shah

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Pratik Shah (Expert)
23 December 2015 There are no limits for remuneration to Directors in case of Pvt Ltd Co.

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