Whether there is any provision of the companies act 2013 applicable to private companies for payment of remuneration to its directors or is it just governed by its articles? Also whether remuneration to be paid to the directors need to be approved by the shareholders or just a board resolution sufficient? Can someone please share a copy of the resolution?
Menu
Remuneration to director of a pvt. company
Replies (2)
Please comment...
Hi Everybody,
Can someone share the draft resolution for approving directors remuneration in a pvt company ?
As far as i know, Sec 197 and Sch V of companies act 2013 do not apply to private limite companies. But there is some confusion about the applicability of sch V if there are inadequate profits or no profits. Please clarify.
Regards,
Geetha
Recent Topics :
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
Related Topics :
CAclubindia
