Query Relating Remuneration incase of Private Limited Company

[radhika dhebar]

Dear All,

 

There is query which reads as follows:-

 

Facts:-

 

In a private limited company there are :-

 

1.       Mr. A is an  Executive Director and Shareholder

2.       Mr. B is an  Executive Director and Shareholder

3.       Mr. C is an  Executive Director and Shareholder

4.       Mr.D is an  Executive Director and Shareholder

5.       Mr. E is a  Shareholder

6.       Mr. F is a  Shareholder

7.       Mr. G is a  Shareholder

8.       Mr. H is a  Shareholder

9.       Mr. I is a Shareholder

 

All the aforesaid are the employees of the Company and are rendering services by giving lectures to the students. The Company is running tuitions for students.  

i)                    Prior to April, 2015 the Company was paying remuneration to Mr. A, Mr. B, Mr. C and Mr. D

ii)                    from April, 2015 the Company is paying professional fees deducting TDS to Mr. A, Mr. B, Mr. C, Mr. D, Mr. E, Mr. F, Mr. G, Mr. H and Mr. I.

Query:-

1.       Can Mr. E, Mr.F, Mr.G, Mr.H & Mr.I  being the shareholder and employees of the Company receive the aforesaid professional fees?

2.       Can Mr. A, Mr. B, Mr. C and Mr. D, being Director, Shareholder and employees of the Company receive the said professional fees?

3.       If the answer to point 1 & 2 is yes is there any limit for payment of professional fees?

4.       Is there any procedure that needs to be followed like resolutions,filings etc under Companies Act, 2013 for making the payment of the professional fees?

 

Request you to please let me know if any other information is required.

 

 

Regards

Radhika