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Does Sec 197 and Schedule V applicable to Pvt company with no profit.

Section 197- Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits.

Posted By: Mookambika r 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Akansha

Yes it is applicable as per the provision of sec 197(3) of the Act

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