Too confusing help me

199 views 1 replies
dear knowledgeable persons,

1. if one MD,whole time director , Manager means not exceeding 5% of net profits.....

2.if two or more of above persons not exceeding 10% of net profits..

3.for non executive persons

if they are nor MD whole time director Manager 3%

if they are means 1%

it is correct or not about section 197 managerial remuneration please explain me
Replies (1)

1 director- 5%

More than 1 director- 10%

Max- 11%

For dummy directors like consultants who don't participate- 1%

In the absence of real managing director, dummy directors- 3%


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