wheter pvt. comp. req. to show mang remun. in notes on acct
This query is : Resolved
30 November 2009
whether a pvt company also required to show managerial remuneration in notes on accounts
Guest
Guest
(Expert)
01 December 2009
Yes its mandatory as per Para II to schedule VI to the companies act.
01 December 2009
Thanks but the query is not show simpal because:
1.sch VI-II point no.4 refer managerial remuneation as per sec 198 so some of the seniors of me have opinion that because sec 198 is not applicable to pvt. comp so a pvt company is not require to so its by way of notes.
2 but my opinion is that because sec.198 put restriction on mxim remuneration which is only applicable for publice company.
and further sec 198 define remuneration which is not spcified for pub comp
so my own opinion is that because purpose of refering sec 198 in sch. is to refering nature of remuneration so on the basis of this i think disclosure also applicable for pvt. company.
1.sch VI-II point no.4 refer managerial remuneation as per sec 198 so some of the seniors of me have opinion that because sec 198 is not applicable to pvt. comp so a pvt company is not require to so its by way of notes.
2 but my opinion is that because sec.198 put restriction on mxim remuneration which is only applicable for publice company.
and further sec 198 define remuneration which is not spcified for pub comp
so my own opinion is that because purpose of refering sec 198 in sch. is to refering nature of remuneration so on the basis of this i think disclosure also applicable for pvt. company.
01 December 2009
Thanks but the query is not show simpal because:
1.sch VI-II point no.4 refer managerial remuneation as per sec 198 so some of the seniors of me have opinion that because sec 198 is not applicable to pvt. comp so a pvt company is not require to so its by way of notes.
2 but my opinion is that because sec.198 put restriction on mxim remuneration which is only applicable for publice company.
and further sec 198 define remuneration which is not spcified for pub comp
so my own opinion is that because purpose of refering sec 198 in sch. is to refering nature of remuneration so on the basis of this i think disclosure also applicable for pvt. company.
1.sch VI-II point no.4 refer managerial remuneation as per sec 198 so some of the seniors of me have opinion that because sec 198 is not applicable to pvt. comp so a pvt company is not require to so its by way of notes.
2 but my opinion is that because sec.198 put restriction on mxim remuneration which is only applicable for publice company.
and further sec 198 define remuneration which is not spcified for pub comp
so my own opinion is that because purpose of refering sec 198 in sch. is to refering nature of remuneration so on the basis of this i think disclosure also applicable for pvt. company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
