MANAGERS REMUNERATION.
This query is : Resolved
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
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
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
2. No but compliance of sch XIII is necessary.
3. YES subject to the exact position of your case.
Rgds
12 January 2010
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