Question

if effective capital is more than 100 crores in case of loss, the maximum remuneration will be
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Answer 1

Answer:

The manager of a company may receive remuneration by way of a monthly payment and/or by way of a specified percentage on net profit calculate according to Sees. 349, 351 provided that such remuneration shall not exceed in the aggregate of 5% of the net profit without the approval of the Central Government— Sec.

Explanation:

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