Reimbursement of medical expenses incurred in excess of limits laid down under Schedule XIII of the Companies Act, 1956

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..... Schedule XIII of the Companies Act, 1956 ‑ Clarifications on I am directed to say that in accordance with the provisions of Part II of Schedule XIII to the Companies Act, 1956, expenses incurred on medical treatment of the managing director/whole‑time director/manager of a company and his/her family members are limited to one month's salary in a year or three months' salary over a per .....

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..... by the Central Government within the framework of the policy as stated below :-- (a) Having regard to the improved medical facilities available in India, the managerial personnel should obtain specialised treatment abroad only in exceptional and deserving cases. All proposals for reimbursement on specialised medical treatment abroad must invariably be accompanied by an essentiality certificate .....

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