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<h1>Government Can Set Company Pay Limits, Override Companies Act 1956, Per Companies (Amendment) Act 1974</h1> The Central Government has the authority to set limits on remuneration for company appointments, overriding certain sections of the Companies Act, 1956. When approving appointments or remuneration under specified sections, the government can determine the amount or percentage of company profits as remuneration. This decision considers the company's financial status, any other remuneration the individual receives, their professional qualifications and experience, and public policy on income disparities. This provision was introduced by the Companies (Amendment) Act, 1974.