Managerial remuneration

Swami Ayyappa Nuli (TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)   (1372 Points)

21 December 2013  

can a company have one Manager u/s 387 and Whole time director at a time ?or are they mutually exclusive?if so possible then is the maximum of 10% of net profit is avilable for bothof them in aggregate?if there is only one manger u/s 387 for a company and no whole time directors exist,is the maximum remuneration payable to part time directors limited to 3%?