Are minimum wage laws applicable on Founders/Directors/Shareholders/Promoters? - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
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?

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

Please Login To Add Reply






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™