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Question
In case of public company total managerial remuneration can't exceed ___________ per cent of the net profits.
In case of public company total managerial remuneration can't exceed ___________ per cent of the net profits.
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Solution
The correct option is C 11
Section 198 of the Companies Act lays down the overall managerial remuneration which can be paid by a public limited company. The total managerial remuneration to be paid to the directors or manager in respect to a financial year should not exceed 11% of the net profits.
Section 198 of the Companies Act lays down the overall managerial remuneration which can be paid by a public limited company. The total managerial remuneration to be paid to the directors or manager in respect to a financial year should not exceed 11% of the net profits.
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