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of <h1>Companies Act 2013: Schedule V Amended to Revise Director Remuneration Limits, Clarifies Non-Executive and Independent Directors' Pay.</h1> The Central Government, under the Companies Act, 2013, has amended Schedule V, specifically in Part II regarding 'REMUNERATION.' The amendments include inserting the words 'or other director or directors' after 'managerial person or persons' in Sections I, II, and III. The remuneration limits for directors have been revised, with specified amounts based on the effective capital of the company. The term 'or other director' is clarified to mean a non-executive or independent director. These changes aim to regulate the remuneration structure for directors more comprehensively.
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