Managerial Remuneration

RAKESH (Almost CA) (2199 Points)

12 June 2009  

In companies when the managerial remuneration is applicable?

1.Suppose the company has one full time director and the maximum limit is 11% of NP. Net   Profit is calculated at the end of the period(Say 31.03) . So only after the end of the year director will be given remuneration . For his work he will get remuneration at the end of 12 months.? whether any amount is paid during the year to the director other than the managerial remuneration ( Say for running his daily life how he will get money at the end of every month or so? ) and

2. Wat is the difference between director fees and managerial remuneration ?