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Managerial remuneration

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Querist : Anonymous

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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??
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CS JAY GOHIL

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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
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