Can a Pvt Ltd Company Directors Salary be reduced in the middle of the financial year?

Mr. Govind P (Accountant & Consultant)   (29 Points)

24 February 2024  

Can a Pvt Ltd Company reduce the salary of Directors in the middle of the year because of poor financial performance? From 1.5 Lacs to 1 Lac per month? Company is already in loss from past 3 years and has carried forward losses.