MANAGERS REMUNERATION.

This query is : Resolved

amitmaurya (Querist)
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12 January 2010 1.XYZ pvt. Co. converted into a public co. on 31st march 2009. Does the provisions of schedule Xiii of companies act applies on the company.

2. if the Effective capital of the comapny is negative and a remuneration of 200000 per month is being given. Is it against the provisions of coampnies act.

3.What is the Central Govt. Approval is Required.

If u have any simplified written provisions regarding this. Please mail me at amitkrma700@gmail.com

Ankur Garg

Ankur Garg (Expert)
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12 January 2010 1. YES

2. No but compliance of sch XIII is necessary.

3. YES subject to the exact position of your case.

Rgds

Ankur Garg

Ankur Garg (Expert)
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12 January 2010 Download a useful Managerial Remuneration file from the link below:

https://www.caclubindia.com/forum/message_display.asp?group_id=49657

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