Managerial remuneration
This query is : Resolved
04 October 2013
please help me in the below asked query-
my company has appointed a manager and due to losses we are not paying any kind of remuneration.
but, all the expenses are reimbursed by the holding company which amount to about more than Rs.1 Cr.
please suggest that whether the said reimbursement made will be considered as managerial remuneration or not?
my company has appointed a manager and due to losses we are not paying any kind of remuneration.
but, all the expenses are reimbursed by the holding company which amount to about more than Rs.1 Cr.
please suggest that whether the said reimbursement made will be considered as managerial remuneration or not?
04 October 2013
Hi
Firstly check what your company's articles says and also check what the terms and condition of appointment of such manager is telling about remuneration.
As per my views it is covered under remuneration.
Firstly check what your company's articles says and also check what the terms and condition of appointment of such manager is telling about remuneration.
As per my views it is covered under remuneration.
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