Managerial remuneration

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meenakshi (Querist)
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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?

Ajay Mishra

Ajay Mishra (Expert)
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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.

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