Is there any cap on Director/Managerial Remuneration in cases of a Private ltd Company?
CA.Rahul Jain (Partner) (108 Points)
16 November 2009Is there any cap on Director/Managerial Remuneration in cases of a Private ltd Company?
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 16 November 2009
Hi,
Strict provision of managerial remuneration are not applicable on private company. You may give any remuneration to the directors of a private company. However be careful about the applicability of section-314 i.e. office or place of profit as section 314 is applicable on a private company.
Revert if there is any doubt.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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