Section 197 applies to private company?
This query is : Resolved
17 January 2015
whether remuneration payable to directors of private limited company requires compliance with section 197 (3) and (4) of the Companies Act 2013?
Does this entire section 197 applies to private limited company?
Does this entire section 197 applies to private limited company?
17 January 2015
No.
Section 197 of the Companies Act, 2013 prescribed the maximum
ceiling for payment of managerial remuneration by a public company
Section 197 of the Companies Act, 2013 prescribed the maximum
ceiling for payment of managerial remuneration by a public company
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