28 March 2010
I have some confusion related to managerial remuneration whether sec-309,311,349 are applicable to privat limited companies. 1) the celing limit of 11% of book profit as managerial remuneration applies to private companies.
28 March 2010
Above sections are not applicable to Private Company. The above sections are applicable to Public limited company and deemed public limited company.
28 March 2010
Sir but i have read a full section from institute module, and not be able to find the word that this doesnot apply to pvt ltd companies, can you provide me reference for ths same. thanx in advance
CAclubindia
