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Directors remuneration

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(Querist)
03 December 2011 What is the ceiling limit for payment of directors remuneration?
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CA Mahesh Vekariya

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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
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SANGEETHA G

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SANGEETHA G (Querist)
03 December 2011 Thank you for the valuable information sir
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