Managerial remuneration - Increase in director’s remuneration requires Government sanction Government’s approval is dispensed with in cases where the increase in remuneration.

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..... ted:- 13-4-1989 Circular
Companies Law
Circular : No. 3, dated 13‑4‑1989. Subject:- Managerial remuneration - Increase in director's remuneration requires Government sanction ‑ .....

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..... ion in respect of paragraph 1 of Part III will be required to be passed if the proposed increase is already covered by an earlier resolution of the shareholders. Similarly, resolution regarding 10 per .....

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