Members,
Is there any limitation on remuneration of a person, if he is MD in more than one pvt. co. company (say, in 3 or 4 pvt. co.) and he is drawing remuneration from every company. Is that possible and is thr any limitation ?
Thanks in adv.
1 Replies
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 18 June 2011
Dear Freind
there is no such limitation or rules regarding payment of remunaration to MD in case of Pvt Ltd
A director is representing itself in Professional capacity and there is no such amount fixed for any Professional in Pvt Ltd as much as amount can company affort can pay to MD.
It does not made any difference wether a director is whole time or part time or he is a director in a 2 or 3 or more companies.
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