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Can a Public Limited Company (Unlisted Company) give commission apart from remuneration to MD and WTD.? If yes, then till what limit or percentage the company can give commission to each.?

Remuneration to KMP

Posted By: Nikki 8 year(s) ago

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Shivam Singhal

Yes, a public unlisted company give commission to MD and WTD. but commission shall includes in the remuneration of such director and as per section 197(1) of the Companies Act, 2013:- the remuneration payable to any one MD/ WTD/ Manager shall not exceed 5% of the net profits of the company and if there is more than 1 MD/ WTD/ Manager, remuneration shall not exceed 10% of the net profits to all such directors.

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