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Commission to whole time director

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 March 2016 Can a unlisted public ltd. company pay its whole time director by way of commission only and no other remuneration? Please reply and advise the relevant rules.
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Mandar

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Mandar (Expert)
31 March 2016 Yes...Refer Section 197(14)

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