if initaially he was director and getting 150000 as salary co was private co but now it has become public co and schXIII is APPLICABLE and he is appointed as md and person wants same salary so according to which section he will be getting it and if all sections of schedule XIII are independent of each other
Menu
remuneration to director
Replies (1)
Since the company is converted as Public Limited Company, the limits on managerial remuneration is very much applicable to the company.
For the limits on managerial remuneration please refer to Section 198, 309 and Schedule XIII of the Companies Act, 1956.
Recent Topic
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
- GTA Annexure V Non Compliance
- Calculation of Demand due to interest u/s 220(2)
- Legal profession business code in section 44ADA
Related Topics
CAclubindia
