In case of inadequate profit or loss, remuneration can be paid to only MD/WTD/manager
And not any other non executive directors.
???
Yes/No
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Remuneration to non executive director
Replies (4)
Their commission is fixed
Yes. An amendment is proposed in Companies Amendment Bill 2020 for paying remuneration to non executive directors in the event of losses or inadequate profits.
Now, as per recent notification dated 18-3-2021, MCA has added a limit in Sch V for other directors as well.
Nice Question and my answer is Yes
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