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Managerial remuneration - ceiling limit

Adoni Raghavendra

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: 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)
Corporate Laws / SEBI / LLP
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Surender Gupta on Feb 19, 2009
Private companies are free to pay any remuneration to its directors.
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