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performance linked bonus

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(Querist)
03 March 2008 Hi,

Can company give performance linked bonus of Rs 3000000/- to its managing director for achieving certain Target. If yes then is any thing needs to be followed as per companies act.

Best regards,
Samir Ambavi
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Samir

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Samir (Querist)
04 March 2008 Company is Pvt Ltd Company
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CA Pattanayak

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CA Pattanayak (Expert)
04 March 2008 If its a Pvt co. it can give any amount.
But the same is to be approved by BOD and it has to be informed to ROC.
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