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?
Kritarth Consulting
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
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