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
annamalai (Partner) (97 Points)
18 April 2016Hai
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
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"
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