Calculation of commission, etc., in certain cases.

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....1) Where any commission or other remuneration payable to any officer or employee of a company (not being a director [1][* * *] or a manager) is fixed at a percentage of, or is otherwise based on, the ....

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....t to the provisions of sub-section (1). ----------------------------------- Notes:- [1] Omitted by the Companies (Amendment) Act, 2000 as provisions relating to managing agents, secretaries and tre....