Wtd

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ARTHI (Querist)
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06 August 2015 Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

Query

Whether a designated Whole-Time Director in Public Company (Unlisted) in employment without drawing salary.

Your reply, please..............

If a designated WTD not drawing salary, will it lead to any non-compliance / procedural issue from the point of MCA.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

CS Divesh Goyal

CS Divesh Goyal (Expert)
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07 August 2015 Dear Arthi,

As per provisions of Companies Act, 2013 it is not compulsary to make payment of salary to WTD. but because of non salary his responsibility will not reduce.