Managerial remuneration according to schedule V
This query is : Open
VIKRAMADITYA SINGH
(Querist)
30 June 2016
The limits given in schedule V of companies act 2013 for Mangerial remuneration, it say's about a single manager/director or all Managers/directors as a whole.
As act says ."A mangerial remuneration " I am confused it says the total limit of mangerial remuneration or limit of a single manager .
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Jatin Bajaj
(Expert)
30 June 2016
According to section 197, read with schedule 5 , the managerial remunerations means agregate of all managerial remuneration payable to all directors of the company including managing director, whole time director, independent director netc.
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VIKRAMADITYA SINGH
(Querist)
30 June 2016
Thank u sir
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