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Reg new companies act

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(Querist)
04 December 2014 Dear Experts let me know the latest amendments regarding limitations on Director remuneration in case of Pvt. company(closely held company)
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Shashikant Sharma

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Shashikant Sharma (Expert)
05 December 2014 Section 197 which talks about managerial remuneration is not applicable to private limited companies.

If a director is paid anything over and above his remuneration, section 188(1)(f) will get attracted.

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