Tag Archives: Managerial Remuneration

Managerial remuneration : section 197 of Companies act 2013

Section – 197 Companies Act, 2013 (Enforced with effect from 1-4-2014.) Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits. 197. 1(1) The total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director, and its manager in respect of any financial year shall… Read More »

Private Companies can pay Managerial Remuneration without any ceiling

Q: whether Private Companies can pay Managerial Remuneration without any ceiling as Section 197 of the Companies Act 2013 is silent regarding the same. Answer: Yes, any amount can be paid to the MD/WTD without central government approval pursuant to the exemption notification and/or subject to compliance with the conditions prescribed therein pursuant to the… Read More »