Office or place of profit limits revised, requiring company special resolution for substantial remunerations and central approval for larger ones. Company consent by special resolution is required where an office or place of profit carries monthly remuneration at or above the prescribed threshold, and prior government approval in addition to company special resolution is required where monthly remuneration meets the higher prescribed threshold; the Central Government has revised those monetary thresholds upward by notification under the General Rules and Forms.
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Provisions expressly mentioned in the judgment/order text.
Office or place of profit limits revised, requiring company special resolution for substantial remunerations and central approval for larger ones.
Company consent by special resolution is required where an office or place of profit carries monthly remuneration at or above the prescribed threshold, and prior government approval in addition to company special resolution is required where monthly remuneration meets the higher prescribed threshold; the Central Government has revised those monetary thresholds upward by notification under the General Rules and Forms.
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