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

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Companies Law
Circular : No. 3 of 1994, dated 16‑2‑1994. Subject:-Managerial remuneration - Basis for determination of director's remuneration ‑ Payment of Guarantee Commiss .....

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..... as.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 taken by the Company was not remuneration for se .....

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