1. Is audit Committee recommends to the Board the remuneration of Secretarial Auditor?
2. is it necessary to mentioned the remuneration payable to Secretarial Auditor in resolution of Board?
Pls answer with reference to act/rules/Regulations
auditor
secretarial
remuneration
regarding
resolution
Dear All,
I want to know
How much TDS will be deducted in case of payment of Remuneration to Company's Director?
director
companys
remuneration
Hi We need to appoint MD in one of the public company. I have the following query: 1. while calculating the Net profit which Balance sheet need to be considered 31.03.2017 (audited) or 31.03.2018 (unaudited) 2.and after the appointment of MD if next year the company will suffer loss so will we revised the MD remuneration and need to follow the schedule V?? 3.If a person is MD in two companies one is public and other is Private. remuneration withdraw from private company will be the part of ceiling of MD remuneration??
Click here to view / answer Share it onremuneration
managerial
Dear Members, Please tell me that if, there is increase in remuneration of two directors in the beginning of financial year and an ordinary resolution regarding payment of remuneration as per schedule V (in case of loss or inadequate profit) has already been passed, then whether there is need to pass it (ordinary resolution) again if there is increase in remuneration of another director in the middle of Financial year. Thank you
Click here to view / answer Share it ondirectors
remuneration
Dear Members, please help me to find out any discrepancy if here, As per section 197 of CA max remuneration can be 11% of Net profit calculated as per section 198. we have one MD and two executive directors, MD is drawing salary below the 5% of net profit, while other two directors are drawing salary more than 1 % of net profit. (refer section 197(1). However total managerial remuneration is within 11% of NP. please let me know if there is non compliance, to give salary to director who are neither MD nor WTD, more than 1% of NP. Thank you
Click here to view / answer Share it ondirectors
remuneration
Hello CC Members, In a public company, there are 4 directors out of which one is managing director, one is whole time director and 2 is other directors. The company is paying remuneration only to MD and WTD and not to any other directors. Now my query is whether the company can pay total 11% of net profit to them or can pay only 10% as total remuneration can be 11% if net profit.
Click here to view / answer Share it onremuneration
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
Click here to view / answer Share it onsection
companies
under
limit
remuneration
exceed
managerial
If directors receiving remuneration are exceeding the limits given in said rules then do we have to mention it in Boards Report or not?
Click here to view / answer Share it onpersonnel
rules
managerial
remuneration
companies
appointment
rule
