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Jun 1, 2021 · Learn about the maximum amount of managerial remuneration that a public company can pay to its directors, managing director, whole-time director and manager in a financial year, depending on the profits and effective capital of the company. Also, find out the conditions and exceptions for paying remuneration in excess of the limits under section 197 and schedule V.
Download the full text of the Companies Act, 2013, which regulates the incorporation, management and winding up of companies in India. Section 197 deals with the right of members to appoint directors and auditors.
Jul 22, 2024 · Learn about the maximum and minimum limits of managerial remuneration payable by a public company to its directors and managers, and the conditions and approvals required for exceeding or reducing such limits. Also, find out the provisions for refund, waiver and disclosure of remuneration under this section.
This web page provides the full text of section 197 of the Companies Act, 2013, which regulates the overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits. It also includes the provisions related to fees, stock options, refunds, disclosures and penalties.
Aug 1, 2023 · A comprehensive analysis of the provisions relating to managerial remuneration for directors and key managerial personnel under Section 197 of the Companies Act, 2013. It covers the meaning, scope, criteria, procedure, and impact of the section on the company and its stakeholders.
Nov 4, 2023 · Director remuneration is a critical aspect of corporate governance, governed by Section 197 and 198 of the Companies Act, 2013. This article delves into the regulations and restrictions surrounding the remuneration of different types of directors in various scenarios.
Jun 20, 2020 · Section 197 of the Companies Act, 2013 prescribed the maximum ceiling for payment of managerial remuneration by a public company to its managing director whole-time director and manager which shall not exceed 11% of the net profit of the company in that financial year computed in accordance with section 198 except that the remuneration of the ...
Learn about the maximum managerial remuneration payable by a public company to its directors and managers, and the exceptions and conditions for exceeding the limits. Find out the net profits computation, fees, refunds and waivers under section 197.
Aug 3, 2014 · Learn about the provisions of section 197 of the Companies Act 2013, which regulates the overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits. Find out the percentages, conditions, exceptions, fees, refunds and disclosures involved in this section.
Learn how to compute the net profits of a company for the purpose of section 197, which deals with the payment of dividends and buy-back of shares. See the list of credits and deductions allowed and not allowed in the calculation.
