Accountancy, asked by paulkabita98, 7 months ago

the remuneration of managing director cannot exceed............ percentage of net profit (5/10)​

Answers

Answered by itzpreetkaur
6

The remuneration payble to any one managing director or whole- time director or manager shall not exceed 5% of the net profits of the company and if there are more than one such director remuneration shall not exceed 10% of the net profits to all such directors and manager taken together.

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