Disclosure exemption for overseas IT employees permits omission from Board's report while requiring ROC filing and AGM access on request. The amendment permits omission from the Board's report of particulars of overseas employees in the Information Technology sector who are not directors or relatives and who exceed specified remuneration thresholds, provided those particulars are furnished to the Registrar of Companies and made available to any shareholder who specifically requests them during the annual general meeting; Information Technology is defined by reference to clause (iii) to Explanation 2 to para 2.2.2 of the SEBI (Disclosure and Investor Protection) Guidelines, 2000.
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.
Disclosure exemption for overseas IT employees permits omission from Board's report while requiring ROC filing and AGM access on request.
The amendment permits omission from the Board's report of particulars of overseas employees in the Information Technology sector who are not directors or relatives and who exceed specified remuneration thresholds, provided those particulars are furnished to the Registrar of Companies and made available to any shareholder who specifically requests them during the annual general meeting; Information Technology is defined by reference to clause (iii) to Explanation 2 to para 2.2.2 of the SEBI (Disclosure and Investor Protection) Guidelines, 2000.
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