Minimum monthly remuneration requirement under companies law sets statutory floors for managerial remuneration clauses in corporate governance. The rule prescribes statutory minimums: total monthly remuneration for clause (b) of sub section (1) shall not be less than rupees ten thousand, and total monthly remuneration for sub section (1B) shall not be less than rupees twenty thousand, establishing a remuneration floor for application of those portions of the companies law provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Minimum monthly remuneration requirement under companies law sets statutory floors for managerial remuneration clauses in corporate governance.
The rule prescribes statutory minimums: total monthly remuneration for clause (b) of sub section (1) shall not be less than rupees ten thousand, and total monthly remuneration for sub section (1B) shall not be less than rupees twenty thousand, establishing a remuneration floor for application of those portions of the companies law provision.
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