Avail 50% discount on All CS & CMA subjects for Dec batch . Use coupon code Dec14

×

Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Corporate Law > Others >

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

    Post New Topic
Pages : 1







[ Scorecard : 136]
Posted On 23 January 2009 at 15:58 Report Abuse

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


Online classes for CA CS CMA



CA Mitesh Patel
Service


[ Scorecard : 58]
Posted On 09 November 2009 at 12:19

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


[ Scorecard : 96]
Posted On 31 August 2010 at 15:13

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




Member (Account Deleted)
Proprietor


[ Scorecard : 625]
Posted On 31 August 2010 at 21:21

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 6433 times


monti Chawla
student


[ Scorecard : 24]
Posted On 19 October 2010 at 13:39

Please see the attached file



Attached File : 7 computation of managerial remuneration.xls downloaded 5572 times


Sanket Kamath
Student


[ Scorecard : 64]
Posted On 15 February 2011 at 12:23

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


[ Scorecard : 21]
Posted On 29 May 2012 at 13:08

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...




Ajit J Sharma
Practising Company Secretary


[ Scorecard : 115]
Posted On 05 February 2014 at 22:00

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



There are 7 Replies to this message






Related Files








Related Threads


Post your reply for Calculation of Net profit U/s 198, 349,350 of Companies Act



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.



Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top