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Accountancy
Financial statement chapter . Illustration.2. . Please explain the below lines .
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The note is regarding the limit of yearly managerial remuneration. When there are losses, effective capital is considered and when the effective capital is negative or less than 5 crores, limit is Rs. 60 lakhs. Now, remuneration in excess of limit can be paid, if special resolution is passed by Shareholders. In this case no special resolution has been passed.
Sahibdeep Singh
The note is regarding the limit of yearly managerial remuneration. When there are losses, effective capital is considered and when the effective capital is negative or less than 5 crores, limit is Rs. 60 lakhs. Now, remuneration in excess of limit can be paid, if special resolution is passed by Shareholders. In this case no special resolution has been passed.
Ok thank you sir for your explanation. Thank you
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