Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020

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..... section 469 of the said Act, the Central Government hereby makes the following rules further to amend the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, namely:- 1. (1) These rules may be called the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020. (2) They shall be applicable in respect of financial years commencing on or aft .....

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..... his sub-rule, it is hereby clarified that the paid up share capital, turnover, or outstanding loans or borrowings as the case may be, existing on the last date of latest audited financial statement shall be taken into account.". [F. No. 01/05/2013-CL-V-Pt-I] KVR MURTY, Jt. Secy. Note: The principal rules were published in the Gazette of India vide notification number G.S.R. 249(E), dated the 31 .....

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