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V.S. Datey on Companies Act, 2013
  • Limits of Managerial remuneration

    by vivekanand nekkanti on Wednesday, December 26, 2018 at 05:45 PM

    In FY 2017-18, our company which is unlisted public ltd paid Managerial remuneration in excess of 11%. Now what should be done, whether we have to pass special resolution by calling EGM, is it enough?. AGM is already completed. Please guide us

    Replied byV.S. Datey Friday, December 28, 2018 at 05:38 PM

    whatever is within powers of company can always be ratified - that is basic principle - unless the law required prior approval V S Datey

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