Managerial appointment eligibility: conditions and remuneration limits for appointments without central approval, including residency, age, convictions, and disclosure requirements.

Statutory eligibility for appointment as a managerial person requires absence of certain convictions or detentions, prescribed age and residency conditions, and limits on concurrent managerial remuneration; remuneration rules set distinct ceilings for companies with profits and for those with no or inadequate profits based on effective capital or current relevant profit, with higher limits available through special shareholder resolution or in specified circumstances subject to board and committee approvals, creditor certifications, mandated disclosures to shareholders, and prescribed filings.

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