https://www.taxtmi.com/circulars?id=11067 Guarantee commission paid to directors for personal surety on company loans is not to be treated as managerial remuneration, and the Department has withdrawn its earlier circular that classified such payments as remuneration and required central approval, aligning administrative practice with the judicial view that standing surety payments are not remuneration for services. en-us Wed, 16 Feb 1994 00:00:00 +0530 Mon, 20 Jun 2011 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11067 Guarantee commission paid to directors for personal surety on company loans is not to be treated as managerial remuneration, and the Department has withdrawn its earlier circular that classified such payments as remuneration and required central approval, aligning administrative practice with the judicial view that standing surety payments are not remuneration for services. Circulars Companies Law Wed, 16 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11067