Director remuneration in private company

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Sudhir Sheth

Sudhir Sheth (Querist)
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08 March 2015 What is the celling of Director remuneration in Private Company as per Companies Act, 2013 ?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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09 March 2015 Section 197 of the Companies Act, 2013 prescribed the maximum ceiling for payment of managerial remuneration by a public company.

It is not applicable to private company.

However, Articles of association of the company need to be checked for relevant provisions (if any) relating to director remuneration