12/11/2019

How are the returns and remuneration paid to the directors

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Every person seeks rewards for services offered. Similarly, a director is paid for services rendered to the company. Such a payment to a director is called “Remuneration”. Companies Act, 2013, regulates a Company including remuneration terms. Further, the Act implies restrictions on withdrawal of the amount. There are different terms of payment for different types of directors. The work and position are the basis of payment.

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Tags: private limited company / Business Registrations / Duties of a company director / directors payment / payment to company directors

 

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