Hello sir,
What is the limit of Directors' remuneration in Pvt. Ltd company?
What is the limit of Director's commission in Pvt Ltd company?
JASHAVANT KHAMAR (SERVICE) (65 Points)
15 November 2008Hello sir,
What is the limit of Directors' remuneration in Pvt. Ltd company?
What is the limit of Director's commission in Pvt Ltd company?
sagar
(prof)
(47 Points)
Replied 15 November 2008
Originally posted by :JASHAVANT KHAMAR | ||
" | Hello sir, What is the limit of Directors' remuneration in Pvt. Ltd company? What is the limit of Director's commission in Pvt Ltd company? |
" |
sagar
(prof)
(47 Points)
Replied 15 November 2008
i think the time limit is up to 30/09/2008
r u from
Bhavesh J Jain
(Article)
(21 Points)
Replied 23 May 2011
Section 198 provides that the total managerial remuneration payable to the directors an managing agent or secretaries and treasurers or manager must not exceed eleven percent of the net profits of the company in the financial year. In years of inadequate profits, however, a sum not exceeding Rs. 50,000 may be paid t all the managerial personnel with the approval of the Central Government. The percentage mentioned in the section is exclusive of the fees paid to the directors. Section 309 of the Act provides that a director may receive remuneration by way of a fee fro each meting of the Board or its Committee attended by him. According to a clarification included in the Companies (Amendment) Act of 1965, the remuneration of eh director will be inclusive of the amount payable for services rendered in any other capacity except when they are of a professional nature. |
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