MCA permits remuneration to independent directors in case of loss made by companies

MCA permits remuneration to independent directors in case of loss made by companies

Non-executive directors can be paid remuneration in cases where firms have made a loss or if the profit is inadequate, according to a notification from the ministry of corporate affairs (MCA) giving effect to certain provisions of the amended Companies Act, on Thursday. Amending schedule V of the Act, the MCA also prescribed limits on … Read more