Managirial remuniration
Querist : Anonymous
Payment of Managerial Remuneration
The total managerial remuneration payable by a public company to its directors or manager in respect of any financial year shall not exceed 11% of the net profit of the company for that financial year computed in manner laid down in section 198(1) of the Companies Act, 1956.
Remuneration payable to MD or WTD shall not exceed 5% of the net profit for one such director and if there is more than one such director, 10 % for all of them together.
The provision of managerial remuneration will not apply to private limited company.
Regards
CS Ajay Mishra
Querist : Anonymous
Shouldnt Exceed 5% Per MD/WTD..
Also Should Not Exceed in Total 10% to MD/WTD.
Also Check Should Not Exceed 11% Total to all Managerial Remuneration.
U Have to Check These Three Condition at Once.
Then Check These These Three Condition.
Give Me Numerical Figure I will get u to the point.
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