Remuneration of director

2753 views 1 replies
Dear Members,

What should be the minimum remuneration to be paid to the Executive Directors of the Company, if Company has made huge loss during the financial year…As we know, Schedule XIII is only way to determine/finalize the minimum remuneration for Executive Director at the time of inadequate profit/loss.
But the main issue is …conditions given under schedule XIII is not able to fulfill Due to default in remuneration Committee, default in repayment of Debt.

Now please help me out from the above situation and suggest me what should be the minimum remuneratin for the Executive Directors.
Replies (1)

In case yours is a public company and you are not able to meet Schedule-XIII conditions, you will have to take CG approval for payment of remuneration.  You should be in a position to justify the remuneration keeping in view industry practice, financial condition of the company etc.  You can also refer PPT on managerial remuneration posted by me yesterday in Files Section of this forum for details.

Thanks

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details