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 ... Summary
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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