Managerial remuneration

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 September 2013 Suppose remuneration is paid to a director not as per Ss. 198 or 309 or if the remuneration paid is in excess of the limits specified in Schedule XIII and is to be refunded to the Company since CG approval is refused. Would such excess amount, till it is refunded constitute an advance or loan to a director & would it contravene S. 295

05 October 2013 Yes this has to be as the petition has been refused.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries