Benefits /other perks to MD


This query is : Resolved 

(Querist)
20 May 2020 Is there any specific mention in the law that a Managing director will be eligible for the benefits other than salary.. for public /private. If so what are they??

c.bakshi (Expert)
21 May 2020 It depends upon the arrangement or agreements done between the company and MD. however, you have to comply with section 197 in case of public company for remuneration of managing director


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