Managerial Remuneration
This query is : Resolved
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.
Reply quickly ist urgent
thanks in advance.
1) the celing limit of 11% of book profit as managerial remuneration applies to private companies.
Reply quickly ist urgent
thanks in advance.
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
thanx in advance
28 March 2010
in Company Act,1956 clearly indicates that sec-309,311,349 for Managerial Remuneration will not applicable for Pvt. Companies.
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 this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
