I want to add a new employee who will be appointed as a Sales Manager in a Private Limited Company who is also a relative to the directors and share holders, in such a scenario what is the maximum salary can give given to the employee.
Appointment of Sales Manager
RAVI SONI
Query on Appointing Sales Manager Related to Directors; Max Salary Requires Company Secretary Consultation. A query was raised about appointing a new Sales Manager in a private limited company, who is a relative of the directors and shareholders, and what the maximum permissible salary for this position would be. The response suggested consulting a practicing company secretary in the relevant jurisdiction to address this issue. (AI Summary)