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of <h1>Schedule V of Companies Act, 2013: Rules for appointing directors without Central Government approval, including eligibility and remuneration guidelines.</h1> Schedule V of the Companies Act, 2013 outlines conditions for appointing a managing or whole-time director or manager without Central Government approval. Eligibility criteria include no imprisonment or significant fines under specified Acts, not being detained under certain laws, age between 21 and 70, and residency in India. Remuneration limits are specified based on company profits, with provisions for companies with no or inadequate profits. Additional remuneration guidelines apply in special circumstances, and certain perquisites are excluded from remuneration calculations. Appointments and remuneration must be approved by shareholder resolution, and compliance certification is required. The Central Government may exempt certain companies from these requirements.
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