Section 269 read with Schedule XIII of the companies Act 195
This query is : Resolved
SAMIDURAI KALAIPANDIAN
(Querist)
12 June 2009
DEAR ALL,
How can I calculate the limits to increse the remuneration of our directors under
Section 269 read with Schedule XIII of the companies Act 1956.
Kindly advise.
How can I calculate the limits to increse the remuneration of our directors under
Section 269 read with Schedule XIII of the companies Act 1956.
Kindly advise.
Ankur Garg
(Expert)
13 June 2009
If you have appointed your Managerial Personnel following Schedule XIII then you have 2 options:
1. If your company is a profit making company then follow Section-309 for Managerial Remuneration percentages.
2. If your company is a loss making company or profits are inadequate then follow schedule XIII.
To decide the remuneration as per Schedule XIII calculate your effective capital formula for which is given in Schedule XIII itself.
Before giving Managerial Remuneration as per schedule XIII complete its requirement.
Regards
1. If your company is a profit making company then follow Section-309 for Managerial Remuneration percentages.
2. If your company is a loss making company or profits are inadequate then follow schedule XIII.
To decide the remuneration as per Schedule XIII calculate your effective capital formula for which is given in Schedule XIII itself.
Before giving Managerial Remuneration as per schedule XIII complete its requirement.
Regards
SAMIDURAI KALAIPANDIAN
(Querist)
18 June 2009
Thank you sir. Since i have little knowledge in the corporate law i want to know the capital formula. please advise me
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
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Reward for festival
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Import of Capital Machine
- Gift to nri relatives resides in usa
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
