Remuneration limits for managerial personnel: applications exceeding statutory scales must include detailed justification, documentation, and perquisite valuation. Companies seeking to pay managerial remuneration above statutory scales must apply to the Department with a board/AGM resolution and detailed justification addressing financial health, industry nature, appointee credentials, past remuneration, and the proposed package's effect on company finances; perquisites must be valued at actual cost for company-law purposes while income-tax liability is stated separately.
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.
Remuneration limits for managerial personnel: applications exceeding statutory scales must include detailed justification, documentation, and perquisite valuation.
Companies seeking to pay managerial remuneration above statutory scales must apply to the Department with a board/AGM resolution and detailed justification addressing financial health, industry nature, appointee credentials, past remuneration, and the proposed package's effect on company finances; perquisites must be valued at actual cost for company-law purposes while income-tax liability is stated separately.
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