Section -197 - what is meaning of professional ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2015
Dear All,
As per section 197 of Companies Act, 2013, Director remuneration limits will not be applicable if director provides services in the nature of its professional capacity. Can you please define what is called "Professional" ?
Whether we can include "Software Developer" as a Professional ?
As per section 197 of Companies Act, 2013, Director remuneration limits will not be applicable if director provides services in the nature of its professional capacity. Can you please define what is called "Professional" ?
Whether we can include "Software Developer" as a Professional ?
08 July 2015
it means suppose a director is also a CA and has practicing firm then if he advises as a ca then its said that he has advised as a professional and not in capacity of director to co
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