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Directors remuneration

This query is : Resolved 

24 August 2012 Dear All,
we have 7 executive directors in our two group companies and paying remuneration to them. can a person be appointed as a executive director in two or more private ltd company at a same time.


24 August 2012 Yes, No Where Mentioned Such Restriction in Act.

24 August 2012 service tax will be applicable on remuneration paid to them or not? none of them getting sitting fee or commission from company. they are paying full time to company day to day affairs?


25 August 2012 No, In This Case Service Tax Is Applicable.Since They are in Full Time Employment.

Only to Independent, Executive Director Service Tax is Applicable to Remuneration Paid.



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