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    Passing of board resolution for payment of salary to director of private company

    Posted By : damini / Published on : 29-Nov-2019 11:45 AM / View : 2152 / Comment : 0

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    Dear Colleagues,

    Is it necessary to pass a board resolution for payment of salary to a director of private company. The director is on the payroll of the Company and he is executive director. According to my opinion the sections relating to managerial remuneration are applicable to public companies and private companies. So there is no need to pass a resolution for payment of salary to executive director of private company.
    Read more on : director private company salary payment board resolution passing

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