Certain queries regarding terms “remuneration” and “last employment held” and other matters connected therewith clarified - Companies Law - Circular: No. 3,

Circular: No. 3, dated 13 4 1989. Subject:- Certain queries regarding terms remuneration and last employment held and other matters connected therewith clarified In terms of section 217(2A)(a), the prescribed particular have to be disclosed in respect of employees who are in receipt of remuneration of not less than Rs. 72,000 per annum, if employed throughout the financial year and the remuneration of not less than Rs. 6,000 per month, if employed for a part of that year. It is clarified that the limit of Rs. 72,000 per annum should be considered if the financial year is of 12 months and on pro rata basis if the financial year of a company is less or more than 12 months.