5%
11%
15%
No Limit
Answer is Right!
Answer is Wrong!
The correct answer is D. No Limit.
A whole-time director is a director who is employed by the company and receives remuneration for their services. The maximum remuneration of a whole-time director is not limited by law. However, the remuneration of a whole-time director must be reasonable and must be approved by the shareholders of the company.
Option A is incorrect because the maximum remuneration of a whole-time director is not limited to 5% of company profit.
Option B is incorrect because the maximum remuneration of a whole-time director is not limited to 11% of company profit.
Option C is incorrect because the maximum remuneration of a whole-time director is not limited to 15% of company profit.