AS 18 : Related Party Disclosures Is remuneration paid to Board of Directors a related party transaction requiring disclosure? Can anyone please suggest a perfect answer, because I found 2 contradicti

Question

Nagaraju · Answer

From my understand, Remuneration Paid to Non Executive Directors is not a Related Party Transaction. BOD consists of Managing Director, Whole Time Director also right, who is considered a KMP as per AS 18?

Nagaraju · Answer

But, the limit is not mentioned in ICAI SM. Is there more to learn in later stages?

Khushi · Answer

And as such more limits are specified

Khushi · Answer

If it is a public company, the remuneration must not exceed 11% of net profit

Khushi · Answer

However, there is a specified limit

Khushi · Answer

Remuneration paid to directors is not a related party transaction

AS 18 : Related Party Disclosures Is remuneration paid to Board of Directors a related party transaction requiring disclosure? Can anyone please suggest a perfect answer, because I found 2 contradicti

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