Compensation under s.202(3) is limited to the rest of the term or how many years, whichever is shorter?
AFive years
BOne year
CThree years
DTwo years
Answer & Solution
Correct answer: C. Three years
Section 202(3) caps the sum at pay for the remaining term or three years, whichever is less.
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