What percentage of the net profit of the company, the top managers are entitled for their compensation…
Under Section 197(1) of the Companies Act, 2013, the total managerial remuneration payable by a public company to its directors, including managing director and whole-time…
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What percentage of the net profit of the company, the top managers are entitled for their compensation under the Companies Act 2013?
Answer and explanation
Correct answer B
Under Section 197(1) of the Companies Act, 2013, the total managerial remuneration payable by a public company to its directors, including managing director and whole-time director, and its manager in respect of any financial year shall not exceed eleven per cent (11%) of the net profits of that company.
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UGC NET HRM / Labour Welfare and Industrial Relations