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of <h1>Managerial Personnel Remuneration Under Schedule XIII Continues Post-April 2014 Without Central Approval if 1956 Act Conditions Met.</h1> The circular from the Ministry of Corporate Affairs addresses concerns regarding remuneration to managerial personnel under Schedule XIII of the Companies Act, 1956. It clarifies that managerial personnel appointed under these provisions can continue to receive remuneration as per the approved terms, even if part of their tenure extends beyond April 1, 2014, despite the absence of similar provisions in Schedule V of the Companies Act, 2013. This decision follows previous transitional clarifications and does not require Central Government approval if conditions specified in the earlier Act are met.
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