Managerial remuneration - Basis for determination of director’s remuneration Payment of Guarantee Commission to directors, whether ‘remuneration’

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.... 16-2-1994 Circular Dated:- 16-2-1994 Circular<br>Companies Law<br>Circular : No. 3 of 1994, dated 16&#8209;2&#8209;1994. Subject:-Managerial remuneration - Basis for determination of director's re....

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....Bearings Ltd. v. Union of India [1984] 55 Comp. Cas.492, it was held by Delhi High Court that Guarantee Commission paid by a Company to its director for standing surety for loans and credit facilities....