Are minimum wage laws applicable on Founders/Directors/Shareholders/Promoters?

shubham-badal

Are the promoters i.e. those mentioned in AoA/MoA entitled for minimum wages? Or is it okay for them to withdraw no salary or a nominal salary from legal/compliance point of view?
Because techinically they will be the 'employers' even if they are working in the office full-time to build/grow the business, right?
1st March 2019 From India, Bengaluru

Add Reply → Start New →

PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION

Shubham-badal

Kritarth Consulting

Posh Programs; Hr Management Consultants

Kritarth Consulting

200

Please carefully read the Preamble/Objective of Minimum Wages & other Wages related Legislations to experience the Noems Kritarth Team, Bluru Help Centre 1.3.2019
1st March 2019 From India, Delhi

If You Are Knowledgeable About Any Fact, Resource or Experience Related to This Topic and Want to Be Part of Such Discussions in Future - Please Register and Log In to Cite Community.

Other Similar User Discussions On Cite.Co

Present minimum wage applicable in delhi & u.p.

Karnataka minimum wage details for 2019-2020 applicable to hotel and garment industry?

Leave applicability for haryana - act/laws applicable for a basis of the number of minimum leaves?

Related Files & Downloads Shared By Members

 Talk Latest in labour laws and Minimum wage.pdf

 Minimum Wage of UP & UK.pdf

 Minimum Wage Increase w.e.f. 01.07.2021.pdf

Are minimum wage laws applicable on Founders/Directors/Shareholders/Promoters?

Login Or Register

If You Are Knowledgeable About Any Fact, Resource or Experience Related to This Topic and Want to Be Part of Such Discussions in Future - Please Register and Log In to Cite Community.