Legal Question in Administrative Law in India
Mr. Gupta.
How does two directors in a pvt ltd company having equal amount of shares pay themselves, keeping the growth of the company in mind?
eg:10% each from the profits and rest 80% be utilsed for the company growth.
Asked on 4/01/10, 6:04 am
1 Answer from Attorneys
They cannot do so. There is some fixed limit for directors salary. So contact any local lawyer he will challenge the directors.
Regards
Answered on 4/01/10, 10:06 am
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