Section 198 of CA 2013 – Section 198: Calculation Of Profits

The Companies Act, 2013

CHAPTER XIII: APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL

Section 198: Calculation Of Profits

(1) In computing the net profits of a company in any financial year for the purpose of section 197, -

credit shall be given for the sums specified in sub - section (2), and credit shall not be given for those specified in sub - section (3); and
the sums specified in sub - section (4) shall be deducted, and those specified in sub - section (5) shall not be deducted.

(2) In making the computation aforesaid, credit shall be given for the bounties and subsidies received from any Government, or any public authority constituted or authorised in this behalf, by any Government, unless and except in so far as the Central Government otherwise directs.

(3) In making the computation aforesaid,

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Explanation using examples

Imagine a company, ABC Ltd., is calculating the remuneration payable to its directors at the end of a financial year. To comply with Section 198 of the C

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Section 198 of CA 2013 : Section 198: Calculation Of Profits

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Explanation using examples

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