Advertise With Us

    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 : 2115 / Comment : 1

    Print button
    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
      Reply
    Please Select File:



Other Queries from CS-Vishal
Like us on Facebook
Follow Us on Twitter

We are always here to help you. Don’t hesitate to contact us anytime!

+91-9988424211 or ask@compliancecalendar.in