Priyanka (CS) (141 Points)
23 January 2009Can nybody please provide me the formula for Calculation of Net Profit under Section 198, 349, 350 of the Companies Act, 1956.
Also i need to calculate the commission payable to the Non- Excutive Directors
Priyanka
CA Mitesh Patel
(Service)
(58 Points)
Replied 09 November 2009
| Originally posted by :Priyanka | ||
| " | Can nybody please provide me the formula for Calculation of Net Profit under Section 198, 349, 350 of the Companies Act, 1956. Also i need to calculate the commission payable to the Non- Excutive Directors Priyanka |
" |
Preety
(Company Secretary)
(96 Points)
Replied 31 August 2010
Hello friends
Can anypone pl provide me the statement of items to be deducted and added for calculating profit under Section 349 of Companies Act. Pl treat it as very urgent.
Thanks in advance
Regards
Preety
Please see the attached file. i typed it so check for spell mistakes and u can use it as it is...IT IS IN EXCEL
monti Chawla
(student)
(24 Points)
Replied 19 October 2010
Please see the attached file
Sanket Kamath
(Student)
(64 Points)
Replied 15 February 2011
Hey!
One specific query.
For the purpose of computing the Net Profit as provided for u/s 349, should I reverse the exchange fluctuation loss/gain, considering that the Net Profit as per the P & L given, is arrived after considering the exchange fluctuation loss/gain?
Mansi Vora
(Management Trainee)
(21 Points)
Replied 29 May 2012
can anyone tell me that which F.Y.'s (current year or last F.Y. ) net profit be taken u/s 198, 349 & 350 for payment of Managerial remmuneration in F.Y. 2011-2012 ? Its Urgent...
Ajit J Sharma
(Practising Company Secretary)
(132 Points)
Replied 05 February 2014
you need to calculate for the preceding year i.e. for 2010-11
Rahul Sharma
(Taxation)
(21 Points)
Replied 24 May 2015
Can anypone pl provide me the Calculater of CSR Laibility as per Companies Act. Pl treat it as very urgent.
Thanks in advance
CAclubindia
