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PVT LTD COMPANY

anji (ACCOUNTANT) (142 Points)

03 November 2017

whole time director how to fix salary

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Rishab Walia (130 Points)
Replied 04 November 2017

If your company has only WTD then salary would be 5% of the net profit

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ANUSHRI (none) (40 Points)
Replied 04 November 2017

WTD is executive director.
thus, if company has only one executive director, then 5% of net profit.
and, if company has more than one executive director, then 10% of net profit.

Rahul Khanna (Company Secretary) (29 Points)
Replied 05 November 2017

well section 197 of Companies act 2013 is not applicable on pvt co as per 5 june 2015 notification

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