According to Sec 198 2 of Companies Act 1956 Any fee payable to director shall be excluding of ...........

Principles of Human Resource Management Employee Compensation

According to Sec 198 (2) of Companies Act 1956 Any fee payable to director shall be excluding of maximum remunerating of .

11%

25%

12.5%

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Explanation:

The total managerial remuneration payable by a public company or a private company which is a subsidiary of a public company, to its directors and its managing agent, secretaries and treasurers or manager in respect of any financial year shall not exceed eleven per cent of the net profits of that company for that financial year computed in the manner laid down in sections 349, 350 and 351, except that the remuneration of the directors shall not be deducted from the gross profits: Provided that nothing in this section shall affect the operation of sections 352 to 354 and 356 to 360.