Section 4
Ins. by s. 67 , ibid. (w.e.f. 12-9-2018).
4. Ins. by s. 67 , ibid. (w.e.f. 12-9-2018).
(ii) the remuneration payable to directors who are neither managing directors nor whole-time directors shall not exceed, —
(A) one per cent. of the net profits of the company, if there is a managing or whole-time director or manager;
(B) three per cent. of the net profits in any other case.
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