alleryStart learning →Compensation for loss of office under s.202 may be paid to
AAny other director
BMD or whole-time
COnly the chairperson
DAny staff member
Answer & Solution
Correct answer: B. MD or whole-time
Section 202(1) allows it for a managing or whole-time director or manager, but not any other director.
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