Remuneration limits for non-executive and independent directors updated under Schedule V alongside managerial remuneration caps by amendment. Amendment expands Schedule V to include 'or other director' alongside managerial persons, substituting Table (A) to prescribe graduated yearly remuneration ceilings tied to a company's effective capital and inserting an explanation that 'or other director' means a non-executive director or an independent director.
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 non-executive and independent directors updated under Schedule V alongside managerial remuneration caps by amendment.
Amendment expands Schedule V to include "or other director" alongside managerial persons, substituting Table (A) to prescribe graduated yearly remuneration ceilings tied to a company's effective capital and inserting an explanation that "or other director" means a non-executive director or an independent director.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.