Provisions of Directors remuneration is below under two situations. 1. In case of Adequate profits.
Total remuneration should not exceed 11 % of Net profits of the company for the F/Y 2. In case if In adequate/No profits. No company should pay any fees / amount to directors without the permission/approval of CENTRAL GOVT and comply with sections 309,310,310 and 311 and read with sections 387
CAclubindia
