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Proposed Amendments in COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES 2014

News and Press Release - Dated:- 2-2-2016 - 13.1 Form MR-1 has been prescribed under Section 196(4) for filing a return of appointment of managerial personnel but has also been extended for use of filing returns for CS, CFO and CEO who are KMPs. The details of KMPs are captured through Form DIR-12. The Committee, therefore, recommended for appropriate changes in the Form to restrict it to managerial personnel only. 13.2 The Committee also recommends that the disclosures under Rule 5 may be prune .....

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