S. Jaykishan

Chartered Accountants

Shareholders are free to decide managerial remuneration

Shareholders are free to decide managerial remuneration

(Date: 14/09/2018)

The Ministry of Corporate Affairs has done away with the mandatory approval from the Central Govt. for payment of managerial remuneration to top executives which means they can receive salary in excess of 11 per cent of net profit of a company. Now, the decision for payment of excess salary to top executives will be approved by the shareholders through special resolution.

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