Question

6.
As per Sec. 197(16) of Companies Act, 2013, the
of the company shall,
in his report under
make a statement as to whether the remuneration paid
by the company to its directors is in accordance with the provisions of this section,
whether remuneration paid to any director is in excess of the limit laid down under
this section and give such other details as may be prescribed.
Auditor; Sec. 143
b. Internal auditor; Sec. 138
Board of Directors; Sec. 134
d. None of the above ​

Answer 1

Answer:

the remuneration payable to any one managing director; or whole-time director or manager shall not exceed five per cent. of the net profits of the company and if there is more than one such director remuneration shall not exceed ten per cent. of the net profits to all such directors and manager taken together;

(ii) the remuneration payable to directors who are neither managing directors nor whole-time directors shall not exceed,—

(A) one per cent. of the net profits of the company, if there is a managing or whole-time director or manager;

(B) three per cent. of the net profits in any other case.