Hai
I want to know the maximum remuneration the director of the one person company can avail , the company is a profit making company.
Can you send the a model resolution for the revison of remuneration
1 Replies
CS Arjun Rajagopal
(B.com, ACS)
(1056 Points)
Replied 20 April 2016
Since Section 197 of the Companies Act, 2013 is applicable only to public company there is no limit on remuneration payable to director of OPC.
Sample resolution for revision of remuneration of director
"RESOLVED THAT the remuneration of director Mr/Mrs......... (name of director), (DIN:....) be and is hereby revised w.e.f conclusion of this meeting as follows
Salary - Rs.........../month
DA - Rs......../month
TA - Rs......./month
Any other allowances - Rs...../month"
Recent Topics
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
Related Threads
CAclubindia
