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- Remuneration payable by companies having profits: Subject to the provisions of section 197, a company having profits in a financial year may pay remuneration to a managerial person or persons not exceeding the limits specified in such section.
- Remuneration payable by companies having no profit or inadequate profit without Central Government approval: Where in any financial year during the currency of tenure of a managerial person, a company has no profits or its profits are inadequate, it may, without Central Government approval, pay remuneration to the managerial person not exceeding the higher of the limits under (A) and (B) given below:—
- Remuneration payable by companies having no profit or inadequate profit in certain special circumstances: In the following circumstances a company may, , pay remuneration to a managerial person in excess of the amounts provided in Section II above:—
- Perquisites not included in managerial remuneration: A managerial person shall be eligible for the following perquisites which shall not be included in the computation of the ceiling on remuneration specified in Section II and Section III:—
May 1, 2021 · Schedule V : Generally the company has to pay managerial remuneration as per Section 197 of the Companies Act, 2013. However if the company has inadequate profits/no profits in any financial year then the managerial remuneration payment should be made on complying with Schedule V of the Companies Act,2013. The Schedule consists of four parts ...
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Jun 11, 2022 · Explore the key provisions of Companies Act, 2013, focusing on Section 196, 197, and Schedule V. Learn about age limits for MD/WTD/Manager, limits on remuneration for directors, and the significance of special resolutions.
Click here to view acts in E-Book: Companies Act, 2013 Amendments Filter by Year: All 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961 1960 1959 1958 1957 1956
Jun 27, 2018 · OFFICE TIMINGS. Monday to Saturday 10:00 am to 06:00 pm. Sundays and Holidays Reserved for urgent & prior appointments. CONTACT. Phone : +91-771-077-7770. Email : info@bnblegal.com. Companies Act 2013 (SCHEDULE V) - Get the Complete Bare Act in downloadable format from the Digital Legal Library of B&B Associates LLP.
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Dec 30, 2022 · The web page discusses the conditions and disqualifications for the appointment of Managing or Whole-time Director or Manager of a company under Schedule V (Part I) of the Companies Act 2013 (CA 2013). It also compares the provisions of CA 2013 with the SEBI Act 1992 and other applicable laws in relation to penalties and adjudication.
