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Amendment to Schedule V of the Companies Act., 2013 - S.O. 1256 (E) - Companies Law

Extract

..... MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th March, 2021 S.O. 1256 (E).-In exercise of the powers conferred by sub-sections (1) and (2) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following amendments to Schedule V of the said Act, namely:- 2. In Schedule V of the Companies Act, 2013, in PART II, under the heading “REMUNERATION”.- (a) in Section I, in the first para, after the words “managerial person or pers .....

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Amendment to Schedule V of the Companies Act., 2013 - S.O. 1256 (E) - Companies Law

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..... uo;managerial person”, wherever occurred, except in clause (i) of the proviso, the words “or other director” shall be inserted; (ii) after the words “managerial persons”, wherever occurred, the words “or other directors” shall be inserted; (iii) following explanation shall be inserted at the end, namely:- “Explanation.- For the purposes of Section I, Section II and Section III, the term “or other director” shall mean a non-executive dir .....

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Amendment to Schedule V of the Companies Act., 2013 - S.O. 1256 (E) - Companies Law

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