25 February 2025
Is payment of remuneration to a NED as per section 197 read with Schedule V of the Companies Act, 2013, in case of a company not having profits (SR obtained from shareholders in case the payment exceeds the limits payable under Schedule V- based on effective capital) will be termed as RPT u/s 188 (1) (f) read with 188 (1) 1st proviso (please suggest if monthly payment is 2.5 lakhs or exceeds this limit)?