TaxTMI 
TaxTMI 
Government has prescribed percentage of profits for public limited companies and their subsidiaries – says R.P.N. Singh
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....overnment has prescribed percentage of profits for public limited companies and their subsidiaries – says R.P.N. Singh <br>News and Press Release<br>Dated:- 15-3-2011<br><BR>For Public Limited Compa....
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....nies and their subsidiaries ceiling as percentage of profits is already prescribed. The Government also regulates the remuneration of managing directors / whole-time directors / managers (board level ....
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....positions) of Public Limited Companies in accordance with the provisions of Schedule XIII of the Companies Act, 1956. Listed Companies and subsidiaries of Listed Companies in India which are loss maki....
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....ng / have inadequate profits require Government approval for paying remuneration in excess of the existing ceiling limits stipulated therein. This was stated in Rajya Sabha yesterday by Minister of St....
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....ate for Corporate Affairs, Shri R.P.N. Singh, while replying to a question.<BR> News - Press release - PIB....