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Please guide about remuneration to directors/members, Section 8 Company being not for profit Company, Whether we can pay or not ? If yes, then are there any restrictions from Company law point of view? In my opinion remuneration which can be prudent is allowable. Is it correct?

Remuneration to KMP

Posted By: Pritesh gangwal 7 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Secretarial Monks

Yes, Remuneration can be paid and formation of Nomination and Remuneration Committee is not required for Section 8 companies.

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    Shivam Singhal

yes, section 8 company can give remuneration to its directors but can not give any dividend to its members

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