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Md remuneration in a private limited company

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(Querist)
12 September 2018 Pl. calculate Effective Capital of a private Limited company to fix MD remunerationbased on the following:
Paid Up Share Capital Rs. 11600000, Share Premium-1,44,00,000-Reserves & surplus excluding Revaluation Reserves: Rs. 36431768-Long Term Loans-Rs, 45,54,952
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S GHopalakrishnan

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S GHopalakrishnan (Querist)
12 September 2018 I would like to pay a remuneration not exceeding Rs. 42 lakhs per annum or at Rs.3,50,000 per annum i.e. Rs.3,00,000 plus perks Rs.50,000 per month. Pl. confirm its validity
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