Remuneration of Technical director.

This query is : Resolved

CA.Satinder Pal Singh (Querist)
Follow

02 July 2008 Our company has appointed a person as an additinal director w.e.f 20/03/08. now, actually we want to appoint him as technical director. the company has no profits becoz in the gestation period. now how much maximum salry we can give to him per month.? what are the restrictions to the salary of other direcors. whether schedual xiii applies? our company is the subsidary of a public company. what is the procedure for his remuneration to be paid from april to june.

Guest

Guest (Expert)

07 October 2009 The maximum salary would be calculated on the basis of composition of directors, As schdule XIII is applicable to your company.

Appoint the person as the independent director and paid him the salary on the basis of sitting fees.

As, most of the companies appoint technical person as independent director

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Krishna Kumar A

Sreerama Reddy

Sabyasachi Mukherjee

Sameer

HITESH NIRANJAN SAHU

Subscribe Now

Remuneration of Technical director.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

GST CONSULTANT

GST CONSULTANCY

Senior Executive

Manager- Finance and Compliance