Director remunerarion
This query is : Resolved
12 August 2021
can one director get remuneration from 2 company. please provide the section
12 August 2021
Yes.
Section 165(1) of the Act states that a person can hold the office of director simultaneously in 20 companies. The number of 20 companies includes the office of alternate directorship. A person cannot be a director in more than 20 companies at a given time. However, the maximum number of public companies in which a person can be a director simultaneously is 10
Section 165(1) of the Act states that a person can hold the office of director simultaneously in 20 companies. The number of 20 companies includes the office of alternate directorship. A person cannot be a director in more than 20 companies at a given time. However, the maximum number of public companies in which a person can be a director simultaneously is 10
12 August 2021
is there any limit? for this
13 August 2021
Yes Director can get remuneration from two companies as part time non executive director.
13 August 2021
But, if he is executive Director (WTD/MD) in any company then he can get remuneration only from one.
13 August 2021
director remuneration can provide more than 11% for limited company. company paid up capitan 80lacs & profit 80 lacs
13 August 2021
1. If it is private Company. There is no limit of remuneration to directors.
13 August 2021
no sir, it is public ltd co
16 August 2021
As it is public Company, If he is non executive director he can take remuneration from both companies upto limit of 197 or schedule V
16 August 2021
any provision in company act for director remuneration more than 11% of net profit for public limited company. net profit 80 lacs & paid up capital 80 lacs
06 September 2021
Check the Schedule V for payment of remuneration more than 11%.
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