Companies Act, 1956

Section - 348 - [OMITTED BY THE COMPANIES (AMENDMENT) ACT, 2000, W.E.F. 13-12-2000]

Remuneration of managing agents

Remuneration of managing agent ordinarily not to exceed 10 per cent of net profits.

348. [Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. Earlier, was amended by the Companies (Amendment) Act, 1960.]

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