Section 2
[Section II.— Remuneration payable by companies having no profit or inadequate profit 3*** :
2 [Section II.— Remuneration payable by companies having no profit or inadequate profit 3*** :
Where in any financial year during the currency of tenure of a managerial person 1 [or other director], a company has no profits or its profits are inadequate, it may, 3 3*** , pay remuneration to the managerial person 1 [or other director] not exceeding the limits under (A) and (B) given below:—
Roop's Law Assist