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Companies Law - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Conditions for Appointment and fixation of Remuneration of ...

Companies Law

September 14, 2018

Conditions for Appointment and fixation of Remuneration of Managerial Person - SCHEDULE V -See sections 196 and 197 - - SCH-05 of the Companies Act, 2013 as amended.

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  1. Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits - Section 197 of the Companies Act, 2013 - Amendments...

  2. Payment of managerial remuneration in excess of prescribed limits - requirement of obtaining approval of Central Government done away with, subject to special resolution...

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