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Kartik Ltd. is a non-investment company and has been incurring losses for the past few years. The company provides the following information for the current year: (in lakhs) Paid up equity share capital 270 Paid up Preference share capital 45 Reserves (including Revaluation reserve 22.5 lakhs) 337.5 Securities premium 90 Long term loans 90 Deposits repayable after one year 45 Application money pending allotment 1620 Accumulated losses not written off 45 Investments 405 Kartik Ltd. has only one whole-time director, Mr. Kumar. You are required to calculate the amount of maximum remuneration that can be paid to him as per provisions of the Companies Act, 2013, if no special resolution is passed at the general meeting of the company in respect of payment of remuneration