Except with the approval of the central Government, remuneration of awhole time director or a managing director shall not exceed …………… of the net profits for one such director.

Except with the approval of the central Government, remuneration of aw

1.	Except with the approval of the central Government, remuneration of awhole time director or a managing director shall not exceed …………… of the net profits for one such director.
A.	3%.
B.	5%.
C.	10%.
D.	11%.
Answer» D. 11%.