Where a company has managing director whole time director part time directors and manager the maximu...........

Companies Act-Phase (I & II) Directors - powers and appointment

Where a company has managing director, whole time director, part time directors and manager, the maximum remuneration payable to all of them is ____% of the annual Net Profit

11%

20%

छोटे Courses बड़े Results

Master Directors - powers and appointment

Prepare through Micro-courses

Try Now

Explanation:

As per Section 197 of Companies Act, 2013 the maximum remuneration payable to managing director, whole time director, part time directors and manager, shall not exceed 11% of the annual Net Profit of the company in that financial year computed in accordance with section 198 of Companies Act.