alleryStart learning →Non-executive directors' pay, when a managing director exists, is capped at what share of profits?
A3 per cent
B5 per cent
C10 per cent
D1 per cent
Answer & Solution
Correct answer: D. 1 per cent
Section 197(1) proviso (ii)(A) gives one per cent where a MD, whole-time director or manager is present.
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