This document discusses managerial remuneration under the Companies Act of 1956 in India. It defines key terms like manager and director. It outlines that the maximum remuneration paid to a manager cannot exceed 11% of a company's profits and discusses how remuneration is calculated, including salaries, allowances, commissions, and other benefits. The total remuneration to a manager cannot exceed 5% of net profits. Remuneration to directors also requires prior government approval and a special resolution.