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Remuneration of Auditors | Who fixes the remuneration?

the remuneration to an auditor from a company cannot exceed 25% of his total income in any financial year. However, the provision does not apply to a small auditor whose income is less than Rs. 15 lakhs per year and to new auditors (who have not completed first 5 years of their practice)

fixing the remuneration of the company s viewfinder

COMPANIES ACT 1963 - SECT 318 Power of court to fix ... COMPANIES ACT 1963 - SECT 318 Power of court to fix remuneration of receiver. 318.—(1) The Court may, on an application made to it by the liquidator of a company or by any creditor or member of the company, by order fix the amount to be paid by way of remuneration to any person who ...

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Section 504 Fixing of liquidators' remuneration. - Dokmart

Section 504 Fixing of liquidators' remuneration. (1) The committee of inspection, or if there is no such committee the creditors may fix the remuneration to be paid to the Liquidator or liquidators.

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Section 200. Central Government or company to fix limit ...

otwithstanding anything contained in this Chapter, a company may, while according its approval under section 196, to any appointment or to any under section 197 in respect of cases where the company has inadequate or no profits, fix the remuneration within the limits specified in this Act, at such amount or percentage of profits of …

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Top 10 Issues For HR Teams & How To Fix Them | HRZone

Employee retention is a fine balancing act between company culture, remuneration and incentives. The HR department needs to provide each employee with the right combination of all three to satisfy the employee without compromising company interests in the process. They also need to keep accurate records of these combinations to ensure that the agreed packages are being delivered to employees.

REMUNERATION OF AUDITORS UNDER NEW COMPANY …

The statutory provision in relation to remuneration of Auditors is contained in section 142 as under: (1) The remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein, provided that the Board may fix remuneration of the first

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How is an auditors' remuneration fixed under the 2013 ...

Practically speaking, the auditor's remuneration is decided between the audit firm and the management before commencement of the audit, the resolution is a mere formality. The resolution is an ordinary resolution: which means 50% of the present s...

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fixing the remuneration of the company s viewfinder

Fixing The Remuneration Of The Company S Viewfinder. Fixing The Remuneration Of The Company s Viewfinder Sales Inquiry Fixing The Remuneration Of The Company s Viewfinder. mca.gov. from one or both companies, provided that the total remuneration drawn from the companies does not exceed the higher maximum limit admissible from any one of the ...

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Managing Director : Appointment, Duties and …

While fixing remuneration, the Central Govt. shall have regard to: (i) The financial position of the company, (ii) The remuneration or commission drawn by …

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