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Managerial remuneration

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(Querist)
15 September 2016 Is schedule V applicable to private companies incase there is no profits or inadequate profits for paying managerial remuneration to directors as per Section 197 (11)?
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Bharath

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Bharath (Expert)
15 September 2016 Schedule V with regards to managerial remuneration is not applicable to private companies.

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