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

Priyanka (CS) (141 Points)

23 January 2009

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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8 Replies

CA Mitesh Patel (Service) (58 Points)
Replied 09 November 2009

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	"

Preety (Company Secretary) (96 Points)
Replied 31 August 2010

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

(Guest)

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: 9015 times

monti Chawla (student) (24 Points)
Replied 19 October 2010

Please see the attached file

Attached File : 7 computation of managerial remuneration.xls downloaded: 7769 times

Sanket Kamath (Student) (64 Points)
Replied 15 February 2011

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?

Mansi Vora (Management Trainee) (21 Points)
Replied 29 May 2012

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...