Government has prescribed percentage of profits for public limited companies and their subsidiaries – says R.P.N. Singh https://www.taxtmi.com/news?id=1700 The Government prescribes a percentage-of-profits ceiling on remuneration for public limited companies and their subsidiaries and regulates board-level pay under Schedule XIII of the Companies Act, 1956. Listed companies and subsidiaries that are loss-making or have inadequate profits must obtain Government approval to pay remuneration exceeding the prescribed ceiling. en-us Tue, 15 Mar 2011 21:26:40 +0530 Tue, 15 Mar 2011 21:26:40 +0530 TaxTMI RSS Generator Government has prescribed percentage of profits for public limited companies and their subsidiaries – says R.P.N. Singh https://www.taxtmi.com/news?id=1700 The Government prescribes a percentage-of-profits ceiling on remuneration for public limited companies and their subsidiaries and regulates board-level pay under Schedule XIII of the Companies Act, 1956. Listed companies and subsidiaries that are loss-making or have inadequate profits must obtain Government approval to pay remuneration exceeding the prescribed ceiling. News - Tue, 15 Mar 2011 21:26:40 +0530 https://www.taxtmi.com/news?id=1700