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    Managerial Remuneration Exceed Limit under section 197 & 198 of Companies Act 2013

    Posted By : CS-Vishal / Published on : 26-Sep-2017 11:32 PM / View : 1978 / Comment : 1

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    I have a practical issue related to my client. Our client Profit is more than 5 Cr. and as per section 197 & 198 maximum permissible remuneration is 11%. They already paid above 1 Cr. to their director(s). What is the legal compliance without going approval to CG. Please provide us format also if any @ csvishalmehra@gmail.com
    Read more on : section companies under limit remuneration exceed managerial

    • company in general meeting may, with the approval of the Central Government, authorise the payment of remuneration exceeding eleven per cent. of the net profits of the company, subject to the provisions of Schedule V

      02-10-2017 / 09:27:09 AM
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