Managerial Remuneration

This discussion clarifies whether commission paid to a director counts as managerial remuneration under the Companies Act, 2013. Based on the Act's definition of remuneration, it includes any money or equivalent for services rendered, thus encompassing commission. It also addresses Section 197(14), which clarifies that directors receiving commission from a company can still receive remuneration or commission from its holding or subsidiary companies, provided such payments are disclosed in the Board's report.