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of <h1>India Amends Managerial Personnel Rules: Changes to CEO, CFO, and Company Secretary References; New Form MR-1 Introduced.</h1> The Government of India, through the Ministry of Corporate Affairs, issued amendments to the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, effective from their publication date in the Official Gazette. Key changes include the removal of references to the Chief Executive Officer, Company Secretary, and Chief Financial Officer in rule 3. Amendments to rule 5 include adjustments in sub-rule (1) and (2), such as revising employee remuneration disclosure requirements and increasing the salary thresholds for reporting. Additionally, Form MR-1 of the principal rules has been replaced with a new form.
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