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What is the maximum limit for the Managerial remuneration? |
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Answer» Managerial Remuneration: The Managerial remuneration is payable to a person’s appointed u/s 196 of the Act. The Term remuneration means any money or its equivalent given for their services. Adequate profits: A Public Company can pay remuneration to its directors including Managing Director and Whole-time Directors, and its managers which shall not exceed 11% of the net profit.Maximum Remuneration Payable by a Company to its Managerial Personnel – No adequate Profits. Remuneration Payable by a company in case where there is no profit or inadequacy of profit and remuneration payable is detailed below:
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