What should be remuneration ( %age ) in following points :-
- Three Whole Time Directors only
- One Manager Only
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Problem in distribution of managerial remuneration
Replies (1)
|
Managerial Personnel |
Maximum % of Net Profits |
|
Maximum Remuneration to all the managerial personnel |
11% |
|
Manager |
5% |
|
MD (or) WTD |
5% |
|
MD (or) WTD when there is more than one |
10% |
|
PTD when the company is not having MD, WTD or manager |
3% |
|
PTD when assisted by a MD,WTD,Manager |
1% |
MD-Managing Director
WTD-Whole time Director
PTD- Part time Director
Note :
- A company cannot have more than one manager at a time..
- When the company has more than one WTD the total remuneration payable to WTD including MD if any should not exceed 10% of net profits of company.
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