performance linked bonus
This query is : Resolved
03 March 2008
Hi,
Can company give performance linked bonus of Rs 3000000/- to its managing director for achieving certain Target. If yes then is any thing needs to be followed as per companies act.
Best regards,
Samir Ambavi
Can company give performance linked bonus of Rs 3000000/- to its managing director for achieving certain Target. If yes then is any thing needs to be followed as per companies act.
Best regards,
Samir Ambavi
CA J M Pattanayak
(Expert)
04 March 2008
If its a Pvt co. it can give any amount.
But the same is to be approved by BOD and it has to be informed to ROC.
But the same is to be approved by BOD and it has to be informed to ROC.
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