Disclosure in notes to accounts
This query is : Resolved
23 September 2013
Hi,
My query is relating to disclosure in notes to accounts for Managerial Remuneration.
During the year company has paid Rs. 8 lakhs to the director who has resigned in January (During the year ) and a new director has been appointed.
Now in notes to accounts do i need to show the payment made to him during the year.
Company has not paid anything to the new director from January to March.
Thanks... :)
My query is relating to disclosure in notes to accounts for Managerial Remuneration.
During the year company has paid Rs. 8 lakhs to the director who has resigned in January (During the year ) and a new director has been appointed.
Now in notes to accounts do i need to show the payment made to him during the year.
Company has not paid anything to the new director from January to March.
Thanks... :)
23 September 2013
Yes. You need to disclose the same.
23 September 2013
Mr. Nikhil Thanks for your response..
One more thing there is some provision for payment to new director. as Company is facing huge loses.
Whether that provision also need to be disclosed.
One more thing there is some provision for payment to new director. as Company is facing huge loses.
Whether that provision also need to be disclosed.
23 September 2013
Well the salary if has been decided upon, the same needs to be paid. Be guided by norms for limits on managerial remuneration in this regard.
Message likes :
1 times
23 September 2013
Section-II of Part-II of Schedule-XIII deals with Remuneration payable by the Companies having no profits or inadequate Profits
23 September 2013
Thank you very much Nikhil.. I will check that.. :)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- FORM 26A APPLICABILITY
- Before GSTAT- APL-02 Vs APL-04
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
