Dec 6, 2019
MANAGERIAL REMUNERATION
Governing Sections: Payment of managerial remuneration is governed by following provisions under Companies Act 2013 Section 196 -Appointment of Managing Director, Whole Time Director or Managers Section 197 -Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits Section 198-Calculation of Profits to determine Net profit Appointment and Remuneration of Director Rules 2014 MODE OF PAYMENT OF REMUNERATION A director or a manger may be paid remuneration by way of monthly, partly or specified percentage of net profit.
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