Managerial remuneration approval deemed lawful where pay falls within earlier administrative guidelines, affecting pending approvals and refunds. Supreme Court consent order deems appointments of managerial personnel approved where remuneration paid or payable is within the limits of the earlier administrative guidelines; payments reflected in companies' accounts covered by those guidelines are not to be treated as excessive; court undertakings to refund excess amounts are discharged if amounts fall within those guidelines; pending applications by companies that did not accept the later guidelines are deemed disposed, but the order excludes companies that had consented to the later guidelines.
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.
Managerial remuneration approval deemed lawful where pay falls within earlier administrative guidelines, affecting pending approvals and refunds.
Supreme Court consent order deems appointments of managerial personnel approved where remuneration paid or payable is within the limits of the earlier administrative guidelines; payments reflected in companies' accounts covered by those guidelines are not to be treated as excessive; court undertakings to refund excess amounts are discharged if amounts fall within those guidelines; pending applications by companies that did not accept the later guidelines are deemed disposed, but the order excludes companies that had consented to the later guidelines.
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