Mr. Govind P (Accountant & Consultant) (29 Points)
24 February 2024Can 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.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 24 February 2024
Mr. Govind P
(Accountant & Consultant)
(29 Points)
Replied 26 February 2024
Why not? Protecting bottom line for its stakeholders supersedes paying Director's salary if Director has given written consent?
sabyasachi mukherjee
(27574 Points)
Replied 27 February 2024
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 February 2024
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 27 February 2024
CAclubindia
