Dear Friends,
A company "A" is having losses wants to give remuneration to its directors, as per the Companies Act,2013 in case of loses Part II of schedule V will be applicable.
My query is whether the limit mentioned in ScheduleV is applicable to every Director individually or this is a limit for all the directors???, For Example a comany is having paid up capital of rs 13cr and having 3 executive directors, so in case of loses every director of the company can receive remuneration rs 42,00,000 individually???
CAclubindia
