Are the promoters, i.e., those mentioned in AoA/MoA, entitled to minimum wages? Or is it okay for them to withdraw no salary or a nominal salary from a legal/compliance point of view? Technically, they will be the 'employers' even if they are working in the office full-time to build/grow the business, right?
From India, Bengaluru
Acknowledge(0)
Amend(0)
From India, Bengaluru
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Talk Latest in labour laws and Minimum wage.pdf