Tag Archives: Inadequate Profit

MANAGERIAL REMUNERATION


[NOTE: The law stated in this post is effective from 12th September 2018. For the law applicable from 1st April 2014 till 11th September 2018, please visit here and here.

In this post, we will discuss managerial remuneration. The managerial remuneration in case of inadequate profit shall be discussed in a future post, soon.

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ISSUES RELATED TO MANAGERIAL REMUNERATION


We have much earlier discussed “Appointment of Managing Director and Manager” and “Managerial Remuneration in case of inadequate profit”. I understand, Section 197 read with Schedule V is a code for managerial remuneration. Now, we will discuss other relevant provision for managerial remuneration.

CALCULATION OF PROFIT (SECTION 198):

In computing the net profit of a company in any financial year credit shall be given for:

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