Government has prescribed percentage of profits for public limited companies and their subsidiaries – says R.P.N. Singh

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..... Government has prescribed percentage of profits for public limited companies and their subsidiaries – says R.P.N. Singh - News and Press Release Dated:- 15-3-2011 - News - For Public Limited Compan .....

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..... ies 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 p .....

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..... ositions) 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 makin .....

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..... g / 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 Sta .....

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..... te for Corporate Affairs, Shri R.P.N. Singh, while replying to a question. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - .....

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..... TaxTMI - TMITax .....

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