LG Pvt. Ltd pays remuneration to its Directors on yearly basis. Company has WTD on Board. Currently they appointed Mr. X as MD & now Company to keep in mind that overall remuneration to Directors including MD, WTD & manager shall not exceed max cap limit under act. If there is more than 1 MD/ WTD/ Manager, how much max remuneration allowed in a FY.

  • A

    5% of net profits

  • B

    10% of net profits

  • C

    11% of net profits

  • D

    15% of net profits