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How is a Director of a private limited company paid? Do they get employment letter just like other employees?
Do they get pay slips? Are they eligible for benefit like EPF?
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full time working directors, who attend the establishment work like an employee are covered in muster roll and draw salary also, they are also eligible for EPF/ESI and other perks like employees
Hi
It all depends on the work that has been entrusted to the 'director' in your organization. If he is just a signatory to the documents, he need not be given any employment letter etc nor the question arises of him/her joining the EPF. As rightly informed by one of the members earlier, if the director is a salaried employee, all the other rules have to be followed.
Also make sure that the KYC of the director is done as per the new rule of MCA [Ministry of Corporate Affairs] else the DIN of the director will be deactivated.
Thanks and Regards
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