commission to directors

This query is : Resolved 

13 August 2009 What is the maximum rate at which comapny can give commission to directors

13 August 2009 It is normally as per the contract or as per the articles of assosiation.

14 August 2009 But payment of commission is a part of remuneration hence it should not exceed the rmuneration limits mentioned in section 309(3) and (4).

Read section 309 carefully. However if yourcompany is a pvt. co. then there is no limit.

Regards




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