Managerial remuneration disclosures require detailed Board report metrics and affirm adherence to company remuneration policy. Rules require filing Form MR.1 for appointments of MD/WTD/Manager/CEO/Company Secretary/CFO within sixty days; Form MR.2 governs Central Government applications and approvals for appointments or excess remuneration with prescribed fees and timelines. Listed companies must disclose extensive remuneration metrics and comparisons in the Board's report and list senior employees meeting remuneration or shareholding thresholds. Conditions allow certain companies to pay beyond Schedule V limits subject to board, committee and shareholder approvals and no default certifications. Secretarial audit obligations (Form MR.3) and enumerated duties of the Company Secretary are specified.
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Provisions expressly mentioned in the judgment/order text.
Managerial remuneration disclosures require detailed Board report metrics and affirm adherence to company remuneration policy.
Rules require filing Form MR.1 for appointments of MD/WTD/Manager/CEO/Company Secretary/CFO within sixty days; Form MR.2 governs Central Government applications and approvals for appointments or excess remuneration with prescribed fees and timelines. Listed companies must disclose extensive remuneration metrics and comparisons in the Board's report and list senior employees meeting remuneration or shareholding thresholds. Conditions allow certain companies to pay beyond Schedule V limits subject to board, committee and shareholder approvals and no default certifications. Secretarial audit obligations (Form MR.3) and enumerated duties of the Company Secretary are specified.
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