alleryStart learning →Under s.197(1), a public company's total managerial pay is capped at what share of net profits?
A10 per cent
B11 per cent
C15 per cent
D5 per cent
Answer & Solution
Correct answer: B. 11 per cent
The overall ceiling in s.197(1) is eleven per cent of net profits for the year.
Keep practising Appointment and Remuneration of Managerial Personnel
Browse all Appointment and Remuneration of Managerial Personnel questions for CA Final, or explore more Law topics.
Related questions
In a loss year, sitting fees under s.197(5) areDepreciation deducted for net profits is to the extent specified in sectionIn a loss year, an articles clause raising director pay works only if it followsA director's fixed remuneration under s.197(4) is inclusive of pay forSecretarial standards referred to in s.205 are issued by theUnder s.205(1)(a), a company secretary reports to the Board on compliance withUnder s.204(2), the company must give all facilities toQualifications in a secretarial audit report must be explained in full by