Remuneration
This query is : Resolved
11 October 2012
Can a company pay remuneration to its managing director when its effective
capital is negative ?
capital is negative ?
11 October 2012
Hi
Yes.
Section 198, 309 and Schedule XIII are not mutually exclusive. If the company have adequate profit then the company will paid remuneration under Section I of Part II of Schedule XIII and in case of inadequate profit the company will pay remuneration as per Section II of Part II of Schedule XIII.
Yes.
Section 198, 309 and Schedule XIII are not mutually exclusive. If the company have adequate profit then the company will paid remuneration under Section I of Part II of Schedule XIII and in case of inadequate profit the company will pay remuneration as per Section II of Part II of Schedule XIII.
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