Directors remuneration in pvt. company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2016
Dear Experts,
section 197 is not applicable to pvt. ltd. company, does t
it means can pvt. company provide the remuneration it's directors as much as they want...
Regard
Anshul Jeswani
21 January 2016
Yes provision relating to managerial remuneration are not applicable to a private limited company.
Subject to the provisions of your AOA you are free to give remuneration to your director by passing a board resolution.
Subject to the provisions of your AOA you are free to give remuneration to your director by passing a board resolution.
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2016
sir can you please explain the role of AOA in respect of managerial remuneration
21 January 2016
Generally There is a clause related to Director Remuneration in AOA of all the companies. You need to check your AOA and see if they have put some restriction or limit for remuneration. If there is no limit, then you are free to pay whatever amount you want.
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