Director’s remuneration shall not exceed ………………. % of the net profits.

Related MCQs

• If the actual profits are more than the expected normal profits, the difference is termed as ‐‐‐‐‐‐‐
• In the calculation of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐, past profits will have to be adjusted, in order to dertemine the future expected profits.
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• All the …… profits are not available for the purpose of redemption of preference shares
• The dividend recommended by the Board of Directors is called………
• When the directors refund the fees already received by them,……. a/c is credited.
• Share holders cannot increase the rate of ‐‐‐‐‐‐‐‐‐ recomened by the Boared of Directors.
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• Buyback of shares should not exceed ….percent of paid up capital and free reserve of the company.
• The rate of discount should not exceed ……………. Of nominal vale of shares.