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of <h1>New Rules for Appointing Directors: Eligibility, Age Limits, and Remuneration Without Central Government Approval Under Specific Conditions</h1> The statutory provisions outline conditions for appointing a managing or whole-time director or manager without Central Government approval. Eligibility requires no imprisonment or significant fines under specified Acts, no detention under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, and age between 21 and 70 unless a special resolution is passed. Remuneration guidelines vary based on company profits, with specific limits and conditions for approval. Special circumstances allow higher remuneration without approval. Additional provisions cover perquisites not included in remuneration and requirements for approval by shareholders and certification by auditors or company secretaries.
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