Managerial remuneration

RISHABH ARORA (Company Secretary in Practice )   (194 Points)

18 February 2016  

Can the Company pay remuneration to its Managing Director and Whole Time Director on availability of sufficient profit upto prescribed rates provided in the Section 197 of the Companies Act, 2013 on Net profit of the current year, even though the Central Government has fixed their remuneration for a particular period.