Hello
Is there any limit on the remuneration of a director of a private company?
director
remuneration
Hello all,
Can company pay remuneration to additional director appointed in the executive category?
Thanks in advance.
director
additional
remuneration
Dear Members,
Section 197 is not applicable on private limited Companies.
Company is in Profit. Thus schedule V is not applicable.
Considering above
1. what could be the Maximum remuneration that can be paid to MD ?
2. Also if company has 1 MD and 1 WTD
limited
private
remuneration
maximum
Dear all,,
Please Help the Managerial remuneration section applicable to all public companies or the companies being public and having paid capital 10 cr or more only ?
remuneration
mangerial
regarding
Hello,
Anyone has an agreement entered for the above purpose ? The director wants to draw remuneration every month. So the investor is insisting on a contract entered into between the company & the director. Will be helpful if anyone can share the draft format.
Dear All,
Please Help to resolved this Query
In case of Public co having paid capital of 5.5 cr giving Managerial remuneration to MD of the company who is appointed for 5 yr till 2024 but in 2022 this remuneration which is fixed for ex. 2 Lac pm is shifted to 3 lac. does these required to file MGT 14 ? with SR ? for shareholders approval ?
Or this Managerial remuneration section is not applicable as it's mentioned section it's applicable to Public co having Paid capital more than 10 Cr.
company
public
remuneration
managerial
Dear All members,
Greetings of the day!
I would like to know your professional opinion on the following question
"Can a CFO of a Subsidiary Company be on the Pay role of the Holding Company?"
If you can quote the relevant provisions along with it as well.
remuneration
Dear All,
Section 196(4) and 196(5) not applicable on Private Company. But section 117(3) (c) applicable on Private Company as well in case there is variation of remuneration of MD.
So, whether MGT-14 is applicable on Private Company in such case OR the Company can abstain itself from filing form and defend it by stating sub section (4) and sub section (5) of section 196 is not applicable, therefore, MGT-14 is not required to be filed ?
Opinions are invited in this regard please.
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 permissable 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.
remuneration
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.
remuneration
Dear Members,
Kindly advise me regarding the below query :
Can Managing Director voluntarily refuse to take salary for 5-6 months as there is no operation in the company (Private Limited) and facing heavy losses due to COVID - 19 pandemic though resolution passed at the time of appointment in shareholder’s meeting to pay the remuneration and perquisites.
In this case only letter from Managing Director will be suffice or resolution need to be pass.
Thank you in advance
director
managing
remuneration
As we all know Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, has been amended by MCA wide notification dated 3rd January, 2020.
I need a clarification on the below explanation provided in Rule 9(1), it says;
“Explanation :- For the purposes of this sub-rule, it is hereby clarified that the paid up share capital, turnover, or outstanding loans or borrowings as the case may be, existing on the last date of latest audited financial statement shall be taken into account.”.
What is meant by existing on the last date of latest audited financial statement shall be taken into account.
personnel
rules
managerial
remuneration
rule
companies
appointment
query
