Everything you need to know about profit sharing. Profit sharing is a method of industrial remuneration under which an employer pays his employees a share in the annual net profits of the enterprise as fixed in advance. The share is in addition to wages is not based on time or output. Profit sharing ill not a system of wage payment. [...]
Before a company can be formed, there must be some persons who have an intention to form a company and who take the necessary steps to carry that intention into operation. Such persons are called ‘promoters’…
The rules regarding directors’ remuneration are discussed in detail as follows like the remuneration of directors is to be determined either by the articles of the company or by special resolution…