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directors remunaration

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(Querist)
26 July 2010 how to calculate directors remunaration if company suffers loss
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Ankur Garg

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Ankur Garg (Expert)
26 July 2010 In case of loss or inadequate profits schedule XIII of companies act, 1956 is applicable to manage the payment of remuneration to directors in public company.

However in case of a private co. there is no restriction.

Regards
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srinath

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srinath (Expert)
26 July 2010 agreed with expert... but schedule XIII would be applicable only for Whole time directors and MAnaging directors
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