Regarding remuneration to directors

Sathyan Avinash (Querist) 08 October 2011 This query is : Resolved
Dear Sir,

Can a holding company give remuneration to the managing director of its subsidiary ?
A quick reply would help foster curiosity.
Awaiting your fast reply.

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Sailesh Kumar Shah (Expert) 08 October 2011
Can a holding company give remuneration to the managing director of its subsidiary ?

Answer: holding company can't give remuneration to the managing director of its subsidiary unless he is director of that company.

M V Gupta (Expert) 09 October 2011
I agree with the opinion of Mr. Shailesh.

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