MANAGERIAL REMUNERATION
This query is : Resolved
21 June 2010
Following are the queries regarding managerial remuneration.
1) The limits of remuneration given in schedule XIII in case of loss/inadequate profit is for one managerial personnel or all of them together.
2)If royalty is paid to director for allowing the company to use the trade mark (which is held by him in his personal capacity) , than whether the same to be included in the ceiling limits specified u/s 198 and 309.
3) If the proposed director (who will receive remuneration) is relative of the existing director whether provision of section 314 of the Act to be complied with.
1) The limits of remuneration given in schedule XIII in case of loss/inadequate profit is for one managerial personnel or all of them together.
2)If royalty is paid to director for allowing the company to use the trade mark (which is held by him in his personal capacity) , than whether the same to be included in the ceiling limits specified u/s 198 and 309.
3) If the proposed director (who will receive remuneration) is relative of the existing director whether provision of section 314 of the Act to be complied with.
21 June 2010
1) The limits are individual limits and not for all managerial personnel together.
2) In my view any form of remuneration would get covered.
3) If the person would be appointed as a managerial personnel, then remuneration would be as per SEc 309 and not 314. If the appointment is only to an office or place of profit, then SEc 314 would be applicable. SEc 314 is not applicable for MD / WTD
2) In my view any form of remuneration would get covered.
3) If the person would be appointed as a managerial personnel, then remuneration would be as per SEc 309 and not 314. If the appointment is only to an office or place of profit, then SEc 314 would be applicable. SEc 314 is not applicable for MD / WTD
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- NRI starting business in India
- Condonation . E-Verification of last year return .
- GST not cancelled by tenant
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
