Private company
This query is : Resolved
21 November 2012
We are giving 5 directos Rs. 100000 P.M.
Now at the end of the year, can we give them a lump sum of say 300000 each as remuneration.
Will this be violition of any law?
It is a private Limited Company.
Now at the end of the year, can we give them a lump sum of say 300000 each as remuneration.
Will this be violition of any law?
It is a private Limited Company.
21 November 2012
Hi
You are free to pay but please take approval of the Board for paying such remunerations in accordance with Company's articles.
You are free to pay but please take approval of the Board for paying such remunerations in accordance with Company's articles.
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