Sec 197, Schedule V

Upto what limit an unlisted public company having inadequate profits or no profit can pay remuneration to its directors?
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Quick Summary
This discussion explores the remuneration limits for directors in unlisted public companies that have insufficient profits or are making no profit. It clarifies that the maximum remuneration is capped at 11% of the company's annual profits. The conversation also touches upon the definition and calculation of a company's effective capital.

11% of annual profits is the max. Limit
11% of annual profits is the max. Limit
Thank you so much
What is the effective capital of company?

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