In companies when the managerial remuneration is applicable?
1.Suppose the company has one full time director and the maximum limit is 11% of NP. Net Profit is calculated at the end of the period(Say 1.4.to 31.03) . So only after the end of the year director will be given remuneration . For his work he will get remuneration at the end of 12 months.? whether any amount is paid during the year to the director other than the managerial remuneration ( Say for running his daily life how he will get money at the end of every month or so? ) and
2. Wat is the difference between director fees and managerial remuneration ?
CAclubindia
