Remuneration of directors
This query is : Resolved
24 November 2008
What is the limit as per Sec 309 of Companies Act for payment of remuneration to directors
24 November 2008
As per section 309 of Co. Act, Remuneration payable to a Director shall be determined as per the provision mentoned in Sec.198 and if the Articles of the Co.requires so then it should be passed by a special resolution in the general meeting of the com.
As per section 198 the total managerial remuneration cannot exceed 11% of the net profits computed in the manned laid down in section 349.
As per section 198 the total managerial remuneration cannot exceed 11% of the net profits computed in the manned laid down in section 349.
10 December 2008
Hi
further to the above reply i would like to add some more.
Above criteria is for the companies having profits. If the company does not hav any profit the criteria is EFFECTIVE CAPITAL of the company.
You have to fulfill the provisions of the Schedule XIII of the CA 1956.
The limit is fixed based on the effective capital.
rgds
Vivek
further to the above reply i would like to add some more.
Above criteria is for the companies having profits. If the company does not hav any profit the criteria is EFFECTIVE CAPITAL of the company.
You have to fulfill the provisions of the Schedule XIII of the CA 1956.
The limit is fixed based on the effective capital.
rgds
Vivek
10 December 2008
Hi
further to the above reply i would like to add some more.
Above criteria is for the companies having profits. If the company does not hav any profit the criteria is EFFECTIVE CAPITAL of the company.
You have to fulfill the provisions of the Schedule XIII of the CA 1956.
The limit is fixed based on the effective capital.
rgds
Vivek
further to the above reply i would like to add some more.
Above criteria is for the companies having profits. If the company does not hav any profit the criteria is EFFECTIVE CAPITAL of the company.
You have to fulfill the provisions of the Schedule XIII of the CA 1956.
The limit is fixed based on the effective capital.
rgds
Vivek
10 December 2008
Hi
further to the above reply i would like to add some more.
Above criteria is for the companies having profits. If the company does not hav any profit the criteria is EFFECTIVE CAPITAL of the company.
You have to fulfill the provisions of the Schedule XIII of the CA 1956.
The limit is fixed based on the effective capital.
rgds
Vivek
further to the above reply i would like to add some more.
Above criteria is for the companies having profits. If the company does not hav any profit the criteria is EFFECTIVE CAPITAL of the company.
You have to fulfill the provisions of the Schedule XIII of the CA 1956.
The limit is fixed based on the effective capital.
rgds
Vivek
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