Managerial remuneration - Director’s remuneration by way of commission Pre-requisite for Central Government’s approval under sub section (4)

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....09; Pre-requisite for Central Government's approval under sub‑section (4) Query : Under the provisions of the Act, where a company has a managing director, commission of 1 per cent is permitted to be paid to the other directors and where there is no managing director, commission up to 3 per cent can be paid. Where commission was previously not paid because of financial difficulties and the ....