Directors remuneration
This query is : Resolved
SANGEETHA G
(Querist)
03 December 2011
What is the ceiling limit for payment of directors remuneration?
CA Mahesh Vekariya
(Expert)
03 December 2011
Dear Sangeetha,
For Payment of remuneration to Directors you have to learn the following Section of Companies Act-1956:
Section:198-Overall Managerial Remuneration
Section : 309-Remuneration to directors
Section:310-Central Government approval required for provisions for increase in remuneration
Section :349- Computation of Profit
Schedule XIII- Condition of this schedule
For Payment of remuneration to Directors you have to learn the following Section of Companies Act-1956:
Section:198-Overall Managerial Remuneration
Section : 309-Remuneration to directors
Section:310-Central Government approval required for provisions for increase in remuneration
Section :349- Computation of Profit
Schedule XIII- Condition of this schedule
SANGEETHA G
(Querist)
03 December 2011
Thank you for the valuable information sir
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