Salary to director

This query is : Resolved 

20 January 2012 What are the Restrictions on payment of Director's salary in case of Private Company????

20 January 2012 Please read the write up published in http://blog.rna-cs.com/2011/01/remuneration-of-directors-in-private.html

20 January 2012 As per Section 314,"If a director receives more than what he is entitled to receive"
How will that amount be determined i.e that the amount which the director is entitled to receive????


20 January 2012 As per Section 314,"If a director receives more than what he is entitled to receive"
How will that amount be determined i.e that the amount which the director is entitled to receive????

20 January 2012 As per Section 314,"If a director receives more than what he is entitled to receive"
How will that amount be determined i.e that the amount which the director is entitled to receive????

25 January 2012 Sec 198 relating to managerial remuneration is not applicable to private company hence you can pay as much as u please to director.

Regards

27 January 2012 But sec 314 applies to private company.Therefore there will be some restriction on director's salary?



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