Calculation of Direct Remuneration in Pvt ltd co. and Ltd comapny.
4 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 19 January 2021
300000 Rupees or 90% of book profit whichever is higher
balance book profit @ 60%
balance book profit @ 60%
ayusmita
(Tax consultant)
(5885 Points)
Replied 19 January 2021
The remuneration shall be paid to all the directors
in accordance with provision of section 197 of the companies act 2013
it's depends upon many factors
and the remuneration is fixed in the resolution
which is passed in the AGM meeting as per the companies act
maximum remneration of the directors are
if capital is
less than 5cr then 30 lakh
more than 5cr and less than 100 cr then 42lakh
more than 100 then 60 lakh
and other factors too include so read section 197 of company act
in accordance with provision of section 197 of the companies act 2013
it's depends upon many factors
and the remuneration is fixed in the resolution
which is passed in the AGM meeting as per the companies act
maximum remneration of the directors are
if capital is
less than 5cr then 30 lakh
more than 5cr and less than 100 cr then 42lakh
more than 100 then 60 lakh
and other factors too include so read section 197 of company act
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 19 January 2021
Sourav the que is for director remuneration not for partners remuneration.
Ayusmita is right.
Remuneration to Directors
(1)(2)(i) Negative or less than 5 crores60 Lakhs(ii) 5 crores and above but less than 100 crores84 Lakhs(iii) 100 crores and above but less than 250 crores120 Lakhs(iv) 250 crores and above120 lakhs plus 0.01% of the effective capital in excess of Rs. 250 crores
Ayusmita is right.
Remuneration to Directors
(1)(2)(i) Negative or less than 5 crores60 Lakhs(ii) 5 crores and above but less than 100 crores84 Lakhs(iii) 100 crores and above but less than 250 crores120 Lakhs(iv) 250 crores and above120 lakhs plus 0.01% of the effective capital in excess of Rs. 250 crores
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