Manager remuneration: profit-linked or fixed pay permitted, with government approval required for any aggregate excess over statutory cap. A company manager may receive remuneration by monthly payment, by a specified percentage of the company's net profits as computed under the Act, or by a combination of both; aggregate profit-linked remuneration exceeding the statutory limit requires Central Government approval.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Manager remuneration: profit-linked or fixed pay permitted, with government approval required for any aggregate excess over statutory cap.
A company manager may receive remuneration by monthly payment, by a specified percentage of the company's net profits as computed under the Act, or by a combination of both; aggregate profit-linked remuneration exceeding the statutory limit requires Central Government approval.
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