The overall maximum managerial remuneration in a public limited company shall not exceed:
A. 11% of net profit
B. 11% of paid-up capital and free reserves
C. 5% of net profit
D. 5% of paid-up capital and free reserve
Answer:A
The overall maximum managerial remuneration in a public limited company shall not exceed:
A. 11% of net profit B. 11% of paid-up capital and free reserves C. 5% of net profit D. 5% of paid-up capital and free reserve