A company wants to pay remuneration to its Director exceeding the limits specified under the Companies Act. What all compliance has to be made for that? The company is a public limited company (closely held).
Thanks.
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Directors excess remuneration
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As faras i know Sch XIII hasprovision for making excess payments in case of loss making companies. if it is a profit making company then limits specified by the Schedule is final. I dont think you can make payments beyond 3, 5 or 11%
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