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Q. > Please Help: Managerial Remuneraion
My client is a director of a Pure Private limited company. The company is having a profit of 2 crores before tax, can he withdraw Rs.50lacs as a director remuneration. If yes what is a maximum limit of remuneration for a pure private limited company
answered Jun 22, 2011 by CA VIKAS JAIN , DELHI
you can allow to withdraw 50 lakhs if articles of association have provision about it.
answered May 19, 2013 by Vikash Kumar Jha , Cuttack
Well said sir
answered Oct 01, 2013 by Vaneet Gupta , Delhi
Yes
answered Oct 01, 2013 by Vaneet Gupta , Delhi
Yes
Experts Panelist
Comments
CA VIKAS JAIN
21-Jun-2011 , 06:13:14 amA private limited company is free and can make their own provision regarding the managerial remuneration. In other words sec 349 and 350 are not applicable on private limited company. So if article provides then managerial remuneration can be 25% of net profit of the company.