Application for Central Government approval of director appointment, remuneration, or waiver under companies law required with supporting disclosures. Application format for seeking Central Government approval of appointment or reappointment and of remuneration, increase, waiver for excess payment, and commissions for managing directors, whole time directors or managers. The form requires company identity and profile, detailed managerial remuneration for the past three years, effective capital and profits as computed under the Act, shareholding pattern, particulars and qualifications of the proposed appointee, justification and particulars of non compliance with Schedule XIII, and specified attachments including auditor certificates, draft agreement, certified calculation sheets and financial projections.
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.
Application for Central Government approval of director appointment, remuneration, or waiver under companies law required with supporting disclosures.
Application format for seeking Central Government approval of appointment or reappointment and of remuneration, increase, waiver for excess payment, and commissions for managing directors, whole time directors or managers. The form requires company identity and profile, detailed managerial remuneration for the past three years, effective capital and profits as computed under the Act, shareholding pattern, particulars and qualifications of the proposed appointee, justification and particulars of non compliance with Schedule XIII, and specified attachments including auditor certificates, draft agreement, certified calculation sheets and financial projections.
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