A profit making company who is delaying in bank loan repayments and interests thereon cannot pay remuneration to their directors until it streamline its repayment process as per its repayment schedule
Is it true?
if yes, please provide the section or rules for reference where the same has been mentioned.
Menu
Remmuneration to directors in case of continues delay in loan repayments
Replies (1)
Read cos(Appt & Remuneration of managerial personnel rules) with sec. 196/197 ,and TnC of appointment of WTD/MD , Generally remuneration linked with profits, If company defaulted in payment of loan ,subject to certain periods, it may be criteria for disqualification of directors....
Recent Topics :
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
Related Topics :
CAclubindia
