Disclosure of employee particulars requires specified employment and personal details in the Board's report, with an IT-sector overseas exemption. The Board's report statement under section 217(2A) must disclose specified employee particulars: designation; remuneration; nature of employment; other terms; duties; qualifications and experience; commencement date; age; last employment; and equity shareholding percentage. Employees of Information Technology companies posted abroad, who are not directors or relatives and who exceed the prescribed remuneration threshold, are exempted from inclusion in the Board's report but their particulars must be furnished to the Registrar of Companies and made available to shareholders on specific request at the annual general meeting.
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.
Disclosure of employee particulars requires specified employment and personal details in the Board's report, with an IT-sector overseas exemption.
The Board's report statement under section 217(2A) must disclose specified employee particulars: designation; remuneration; nature of employment; other terms; duties; qualifications and experience; commencement date; age; last employment; and equity shareholding percentage. Employees of Information Technology companies posted abroad, who are not directors or relatives and who exceed the prescribed remuneration threshold, are exempted from inclusion in the Board's report but their particulars must be furnished to the Registrar of Companies and made available to shareholders on specific request at the annual general meeting.
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