20 April 2013
Kindly let me know the various provisions applicable in case of providing managerial remuneration in Private Ltd. Companies. I want know whether there is any ceiling limit, and also the applicable provisions in case of loss. Also the TDS amount to be deducted???
Some experts please reply urgently.... This is urgent in to close our books of accounts
20 April 2013
Strict provisions of company law regarding managerial remuneration are not applicable to a private company. So you are free to give any remuneration in your private company. Also check the remuneration provisions of your articles.
CAclubindia
