TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Director Pay Limits Set by Company Articles, General Meeting Resolution, or Special Resolution per Sections 198 & 309.</h1> The remuneration of directors, including managing or whole-time directors, is determined by the company's articles, a resolution, or a special resolution in a general meeting, subject to Sections 198 and 309 of the Companies Act, 1956. Directors may receive fees for board meetings or remuneration through monthly payments or a percentage of net profits, with limits set at 5% for one director and 10% for multiple directors, unless approved by the Central Government. Non-whole-time directors can receive up to 1% or 3% of net profits, depending on the company's management structure. Excess remuneration must be refunded, and the section does not apply to private companies unless they are subsidiaries of public companies.
TaxTMI 
TaxTMI 
