https://www.taxtmi.com/acts?id=15632 Total managerial remuneration payable by a public company to its directors, including managing and whole-time directors and manager, is limited to an overall percentage of net profits computed as prescribed; increases beyond that require shareholder approval and Central Government sanction and must comply with Schedule V. Sub-limits apply to managing executive directors and to non-executive directors, fees for board attendance are separate within prescribed limits, independent directors may receive only commission or fees and not stock options, and excess payments must be held in trust and refunded. en-us Thu, 22 Dec 2011 11:23:58 +0530 Thu, 22 Dec 2011 11:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15632 Total managerial remuneration payable by a public company to its directors, including managing and whole-time directors and manager, is limited to an overall percentage of net profits computed as prescribed; increases beyond that require shareholder approval and Central Government sanction and must comply with Schedule V. Sub-limits apply to managing executive directors and to non-executive directors, fees for board attendance are separate within prescribed limits, independent directors may receive only commission or fees and not stock options, and excess payments must be held in trust and refunded. Act-Rules Bills Thu, 22 Dec 2011 11:23:58 +0530 https://www.taxtmi.com/acts?id=15632