Managerial appointment age and remuneration rules clarified; special resolutions can permit age exceptions and cap combined pay across companies. Amendments require managerial appointees generally to be between 25 and 70 years, permit appointments outside those ages by company special resolution without Central Government approval, and clarify that a managerial person serving in multiple companies may draw remuneration from one or both companies provided the total does not exceed the higher maximum limit admissible from any one company.