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Managerial Remuneration

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(Querist)
11 October 2010 What are the Conditions of Profit to pay Managerial Remuneration in a Pvt. Ltd. Company?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
11 October 2010 No condition on payment of managerial remuneration in a Pvt Ltd company as per Companies Act.
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Ankur Garg

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Ankur Garg (Expert)
11 October 2010 Agree with Sanjay Ji

Strict provisions for remuneration are not applicable to a private company. So you are free to give any remuneration to your director subject to the provisions of your articles.

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