Managerial remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2016
Dear Sir
A public limited company having net profit before remuneration is Rs.10,00,000/- what would be the remuneration as per the section 197 of the Companies Act??
A public limited company having net profit before remuneration is Rs.10,00,000/- what would be the remuneration as per the section 197 of the Companies Act??
CS JAY GOHIL
(Expert)
13 May 2016
if there is only one MD/WTD/Manager is of 5% maximum amount of profit
if there is more than one MD/WTD/Manager is of 10% maximum amount of profit
TO OTHER DIRECTORS
if there is no MD WTD Manager is of 3% of maximum of net profit
if there is MD WTD Manager is of 1% of maximum of net profit
if there is more than one MD/WTD/Manager is of 10% maximum amount of profit
TO OTHER DIRECTORS
if there is no MD WTD Manager is of 3% of maximum of net profit
if there is MD WTD Manager is of 1% of maximum of net profit
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