Question

In case of Public Ltd. Co. the total management remuneration can not exceed.

• A. To be decided by company law board
• B. No restrictions
• C. To be decided by the board.
• D. None of the above

Answer 1

Answer: (D)

None of the above

The total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director, and its manager in respect of any financial year shall not exceed eleven per cent. of the net profits of that company for that financial year computed in the manner laid down in section 198 except that the remuneration of the directors shall not be deducted from the gross profits, provided that the company in general meeting may, with the approval of the Central Government, authorise the payment of remuneration exceeding eleven per cent. of the net profits of the company.