TaxTMI 
TaxTMI 
What is the ceiling Limit for payment of Managerial remuneration/Commission or both to the directors of Private Limited Company as per the companies act 1956. And also let me know the particular case laws available pertaining to this issue.
Managerial remuneration - ceiling limit
16 Feb 2009 
1 Reply 
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Managerial remuneration: private companies may freely determine director pay under prevailing corporate law governance obligations.
Managerial remuneration under the Companies Act, 1956: the reply asserts that private companies are free to pay any remuneration to their directors and no case law was provided in the response. (AI Summary)
Managerial remuneration under the Companies Act, 1956: the reply asserts that private companies are free to pay any remuneration to their directors and no case law was provided in the response. (AI Summary)
