In the case of a listed company where the profit & loss statement reflects a loss for FY 2022-23, and the company intends to provide remuneration of Rs. 48 lakhs in FY 2023-24 with a paid-up capital of Rs. 4 crores:
1. If the option of Part II of Schedule V, Section II is chosen, is approval from members required?
2. Which financial year's profit should be considered for calculating Section 197?
Could someone please assist in resolving these queries?
Hi Friends!
Is there any provision in the Companies Act, 2013 where we can fix the remuneration of Directors?
directors
remuneration
fixing
Dear all,
Whether provisions related to the Managerial Remuneration are applicable on all KMPs?
remuneration
managerial
provisions
Hello
Is there any limit on the remuneration of a director of a private company?
director
remuneration
Hello all,
Can company pay remuneration to additional director appointed in the executive category?
Thanks in advance.
director
additional
remuneration
Dear Members,
Section 197 is not applicable on private limited Companies.
Company is in Profit. Thus schedule V is not applicable.
Considering above
1. what could be the Maximum remuneration that can be paid to MD ?
2. Also if company has 1 MD and 1 WTD
limited
private
remuneration
maximum
Dear all,,
Please Help the Managerial remuneration section applicable to all public companies or the companies being public and having paid capital 10 cr or more only ?
remuneration
mangerial
regarding
Hello,
Anyone has an agreement entered for the above purpose ? The director wants to draw remuneration every month. So the investor is insisting on a contract entered into between the company & the director. Will be helpful if anyone can share the draft format.
Dear All,
Please Help to resolved this Query
In case of Public co having paid capital of 5.5 cr giving Managerial remuneration to MD of the company who is appointed for 5 yr till 2024 but in 2022 this remuneration which is fixed for ex. 2 Lac pm is shifted to 3 lac. does these required to file MGT 14 ? with SR ? for shareholders approval ?
Or this Managerial remuneration section is not applicable as it's mentioned section it's applicable to Public co having Paid capital more than 10 Cr.
company
public
remuneration
managerial
Dear All members,
Greetings of the day!
I would like to know your professional opinion on the following question
"Can a CFO of a Subsidiary Company be on the Pay role of the Holding Company?"
If you can quote the relevant provisions along with it as well.
remuneration
Dear All,
Section 196(4) and 196(5) not applicable on Private Company. But section 117(3) (c) applicable on Private Company as well in case there is variation of remuneration of MD.
So, whether MGT-14 is applicable on Private Company in such case OR the Company can abstain itself from filing form and defend it by stating sub section (4) and sub section (5) of section 196 is not applicable, therefore, MGT-14 is not required to be filed ?
Opinions are invited in this regard please.
Respected members,
A private limited company has a MD and another person as Director. Both are also Designated Partners in a LLP which was incorporated later.
The MD and the Director is paid salary from the Private Limited. Is it permissable for the MD and Director to take Partner's remuneration from the LLP. I read Sec 196 & Sec 197, and it appears that there is no such restriction for Private Limited.
Kindly advise.
remuneration
