https://www.taxtmi.com/caselaws?id=99951 The court ruled that obtaining a certificate from the Central Government under section 309(1)(b) is necessary to exclude remuneration for professional services from a director's managerial remuneration under sections 309 and 310 of the Companies Act, 1956. The judgment clarified that such remuneration should not be subject to the managerial remuneration ceiling and emphasized the distinction between remuneration for directorial roles and professional services. It held that the Central Government certification is mandatory, rejecting the requirement for prior approval under section 310 and directing prompt consideration of the certification application. en-us Fri, 24 Apr 1981 00:00:00 +0530 Mon, 30 Jan 2012 17:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99951 The court ruled that obtaining a certificate from the Central Government under section 309(1)(b) is necessary to exclude remuneration for professional services from a director's managerial remuneration under sections 309 and 310 of the Companies Act, 1956. The judgment clarified that such remuneration should not be subject to the managerial remuneration ceiling and emphasized the distinction between remuneration for directorial roles and professional services. It held that the Central Government certification is mandatory, rejecting the requirement for prior approval under section 310 and directing prompt consideration of the certification application. Case-Laws Companies Law Fri, 24 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99951