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    Remuneration to MD of a Pvt Ltd

    Posted By : Kamal / Published on : 23-Jul-2021 04:49 PM / View : 417 / Comment : 0

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    Respected members,

    A private limited company has a MD and another person as Director. Both are also Designated Partners in a LLP which was incorporated later.
    The MD and the Director is paid salary from the Private Limited. Is it permissible for the MD and Director to take Partner's remuneration from the LLP. I read Sec 196 & Sec 197, and it appears that there is no such restriction for Private Limited.

    Kindly advise.
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