20 May 2009
Ceiling on remuneration from two companies:
Where a person who is a managerial person in more than one company , the total remuneration drawn from all these companies does not exceed the higher maximum admissible limit from any one of the companies of which he is a managerial person.
20 May 2009
But this is the case when managerial person is appointed as per Schedule XIII. I have received Central Government's approval for one of the Companies stating that the maximum remuneration payable is Rs.5,00,000.
21 May 2009
I was expecting the same cross qus from u. Anyways plz tell me is there any thing mentioned in MD appointment resolution regarding remuneration package.
Further remuneration in one company is already limited by CG vide its approval.
CAclubindia
