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Calculation of Net profit U/s 198, 349,350 of Companies Act

CS



Can nybody please provide me the formula for Calculation of Net Profit under Section 198, 349, 350 of the Companies Act, 1956.

Also i need to calculate the commission payable to the Non- Excutive Directors

 

Priyanka

 
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Service



Originally posted by :Priyanka
" Can nybody please provide me the formula for Calculation of Net Profit under Section 198, 349, 350 of the Companies Act, 1956.
Also i need to calculate the commission payable to the Non- Excutive Directors
 
Priyanka
"


 

 
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Company Secretary



Hello friends

 

Can anypone pl provide me the statement of items to be deducted and  added for calculating profit under Section 349 of Companies Act. Pl treat it as very urgent.

Thanks in advance

 

Regards

Preety

 
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Proprietor



Please see the attached file. i typed it so check for spell mistakes and u can use it as it is...IT IS IN EXCEL



Attached File : 41 sec 349.xls downloaded 8467 times
 
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Please see the attached file



Attached File : 7 computation of managerial remuneration.xls downloaded 7198 times
 
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Hey!

 

One specific query.

 

For the purpose of computing the Net Profit as provided for u/s 349, should I reverse the exchange fluctuation loss/gain, considering that the Net Profit as per the P & L given, is arrived after considering the exchange fluctuation loss/gain?

 
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Management Trainee



can anyone tell me that which F.Y.'s (current year or last F.Y. ) net profit be taken u/s 198, 349 & 350 for payment of  Managerial remmuneration in F.Y. 2011-2012 ? Its Urgent...

 
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Practising Company Secretary


you need to calculate for the preceding year i.e. for 2010-11

 
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Can anypone pl provide me the Calculater of CSR Laibility as per Companies Act. Pl treat it as very urgent.

Thanks in advance

 

 
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