Unlock Advanced Research with PRISMAI Integrated with over 4 crore judgments and laws — designed for legal practitioners, researchers, students and institutions - Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ... Upgrade to Premium Document Options Get in PDF Print it! [Cites 0, Cited by 0] [Section 309(4)] [Section 309] [Entire Act] Union of India - Subsection Section 309(4)(i) in The Companies Act, 1956 (i)one per cent of the net profits of the company, if the company has a managing or whole-time Director, [* * *] [or a manager; [Substituted by Act 31 of 1965, Section 42, for sub-Section (4) (w.e.f. 15.10.1965). ]