alleryStart learning →In a loss year, an articles clause raising director pay works only if it follows
ASection 134
BA court order
CThe auditor view
DSchedule V terms
Answer & Solution
Correct answer: D. Schedule V terms
Section 197(11) denies effect to any pay increase that does not meet the conditions of Schedule V.
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 sectionA 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 byThe secretarial audit report under s.204 is given by