Revised Employee Remuneration Reporting Limits Applicable to March 31, 2002, Reports Under Companies Act, 1956.

The circular from the Ministry of Law, Justice & Company Affairs addresses the application of revised limits for employee remuneration reporting under the Companies Act, 1956. It clarifies that the revision, initially applicable to Directors' Reports for financial years ending on or after April 17, 2002, can also apply to reports for financial years ending on March 31, 2002. This decision allows companies to include employee details based on the updated remuneration limits in their Directors' Reports. The circular requests acknowledgement of its receipt from the relevant authorities.