Remuneration to director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2013
In case of private limited company, how to calculate remuneration to director.whether any section is applicable to remuneration to director as per companies act, 1956.
21 August 2013
there is no cap on director remuneration for private limited companies under companies act 1956..
in pvt company remuneration can be decided by articles of company
in pvt company remuneration can be decided by articles of company
21 August 2013
Hi
The provisions of Companies Act, 1956 and Schedule XIII deal with remuneration of director will not applicable to private limited company. Such provision is applicable only public company and its subsidiary.
The remuneration of directors of the private company is totally governed by their company articles. If the Company’s article permits to pay remuneration you can give remuneration without any restriction. For this you will pass a Board Resolution for payment of remuneration.
Hi
The provisions of Companies Act, 1956 and Schedule XIII deal with remuneration of director will not applicable to private limited company. Such provision is applicable only public company and its subsidiary.
The remuneration of directors of the private company is totally governed by their company articles. If the Company’s article permits to pay remuneration you can give remuneration without any restriction. For this you will pass a Board Resolution for payment of remuneration.
21 August 2013
deduct TDS @10% on remuneration paid to directors
22 August 2013
As per Board of Resolutions by Director
22 August 2013
Agree with experts.
Strict provisions related to remuneration are not applicable to a private company. A private company can give any remuneration to its directors subject to provisions of articles.
Thanks
Strict provisions related to remuneration are not applicable to a private company. A private company can give any remuneration to its directors subject to provisions of articles.
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
