Difference in the Salaries of Indian and Foreign Employees for Same Level of Posts in MNCs Working in India

The remuneration payable by a company at the Board level is governed by section 197 of the Companies Act, 2013 (the Act) read with Rules framed thereunder which do not discriminate between managerial personnel, whether Indian or foreign. As far as below Board level employees of companies are concerned, whether Indian or foreign, their salaries are not regulated under the Act.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha.