S. Krishnamoorthy (Director) (61 Points)
14 November 2018One of the founder Directors of the Private Limited Company wants to retire because of his old age. He desires to know whether he is eligible for any retirement benefits like lump sum gratuity etc. I shall be grateful if this question is enlightened.
Ronish Baxter
(CA)
(104 Points)
Replied 14 November 2018
https://economictimes.indiatimes.com/wealth/invest/how-to-calculate-gratuity/articleshow/61913387.cms
I think this article will help you to understand how and how much an employee can get as gratuity.
S. Krishnamoorthy
(Director)
(61 Points)
Replied 15 November 2018
Thank you Sir,
But I am afraid that this may not apply to Directors of a private company who are shareholders. I shall be grateful for any precedent in this case.
Regards
CAclubindia
