Schedule xiii
This query is : Resolved
PUJA JAISWAL
(Querist)
05 March 2012
Urgent:
In my company, the managerial remuneration falls under the category of Part B of Part II (4800000 p.a or 4,00,000 per month).
Kindly tell me whether prior approval by special resolution is required for paying the remuneration for the year 2011-2012 or we can pass the special resolution on the ensuing AGM to be held on 2012 -2013.
In my company, the managerial remuneration falls under the category of Part B of Part II (4800000 p.a or 4,00,000 per month).
Kindly tell me whether prior approval by special resolution is required for paying the remuneration for the year 2011-2012 or we can pass the special resolution on the ensuing AGM to be held on 2012 -2013.
Ajay Mishra
(Expert)
05 March 2012
Yes, when you are paying remuneration to managerial personnel it is required to pass SR in accordence with PartIII of Schedule XIII of the Companies Act, 1956.
It may be also noted that you can pay remuneration retrospectively.
Regards
Yes, when you are paying remuneration to managerial personnel it is required to pass SR in accordence with PartIII of Schedule XIII of the Companies Act, 1956.
It may be also noted that you can pay remuneration retrospectively.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Advances to related party
- Intimation under section 245
- Royalty payments to the Mining Department for procurement of murum - GST input
- Capital Gains Tax on Inherited Mutual Fund
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
