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Director's remuneration

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(Querist)
03 August 2018 Whether Pvt Co. can retrospectively increase remuneration of director's by passing board resolution?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
03 August 2018 Second 197 of Companies Act Limit of yearly remuneration Not applicable on private limited company. You can receive salary by resolution with board approvals.
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Shobhit Jain

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Shobhit Jain (Querist)
04 August 2018 But whether remuneration can be increased retrospectively??
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
04 August 2018 Yes you can increase remuneration.

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