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(Querist)
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.
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Ajay Mishra

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Ajay Mishra (Expert)
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.

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