Managerial remuneration
This query is : Resolved
06 April 2015
calculation of managerial remuneration.
06 April 2015
Hi,
As the question is not very clear, please find below brief about the provisions dealing with the managerial remuneration.
The provisions of section 197 deals with the 'Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits'. In order to pay managerial remuneration, one has to calculate the profits in accordance with the provisions of section 198 of the Companies Act, 2013. Section 198 specifies various additions / deletions that are to be carried out to arrive at the profit for this purpose.
As the question is not very clear, please find below brief about the provisions dealing with the managerial remuneration.
The provisions of section 197 deals with the 'Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits'. In order to pay managerial remuneration, one has to calculate the profits in accordance with the provisions of section 198 of the Companies Act, 2013. Section 198 specifies various additions / deletions that are to be carried out to arrive at the profit for this purpose.
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