Directors remunerations
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2017
Dear Experts,
In pvt. Ltd company can we give the monthly renuneration to all the directors. If yes what its criteria?
Thanks In Advance
RAJ KUMAR
In pvt. Ltd company can we give the monthly renuneration to all the directors. If yes what its criteria?
Thanks In Advance
RAJ KUMAR
29 April 2017
Yes Monthly remuneration can be given to directors. There is no specific criteria.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2017
Sir,
Schedule V is partly applicable to pvt. Companies which deal with No & inadequate profit. Assume if we have given monthly remuneration to all the directors . If at the end of the FY we came to know that company has made inadequate profit then in such scenario remuneration may be paid excees to the directors as defined in schedule v
Schedule V is partly applicable to pvt. Companies which deal with No & inadequate profit. Assume if we have given monthly remuneration to all the directors . If at the end of the FY we came to know that company has made inadequate profit then in such scenario remuneration may be paid excees to the directors as defined in schedule v
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