Remuneration
This query is : Open
06 May 2017
Mr A (executive director)drawing salary from ABC limited and PQR Pvt Ltd .. if we have to calculate maximum remuneration ceiling under companies act than we have to club salary drawn from ABC Limited and PQR Pvt Ltd together..??
06 May 2017
Dear
The limit for remuneration under companies act is on company, not on person.
the limit applies on company basis.
06 May 2017
okay, suppose abc limited can pay maximum remuneration to its director 50 Lakh according to effective capital. now we have to include the remuneration received by MR X from PQR limited also with 50 lakh ceiling under ABC ltd
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