https://www.taxtmi.com/acts?id=12651 Provision requires Government sanction for any provision or amendment that increases director remuneration in a public company or a private subsidiary of a public company; where Schedule XIII applies increases must conform to it, otherwise Central Government approval is required and disapproved amendments become void. Meeting attendance fees increased within the prescribed limit are exempted from Government approval, while excess meeting fee provisions in a private company become deemed increases on conversion to a public company and require Central Government approval to have effect thereafter. en-us Fri, 13 May 2011 17:16:36 +0530 Fri, 13 May 2011 17:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12651 Provision requires Government sanction for any provision or amendment that increases director remuneration in a public company or a private subsidiary of a public company; where Schedule XIII applies increases must conform to it, otherwise Central Government approval is required and disapproved amendments become void. Meeting attendance fees increased within the prescribed limit are exempted from Government approval, while excess meeting fee provisions in a private company become deemed increases on conversion to a public company and require Central Government approval to have effect thereafter. Act-Rules Companies Law Fri, 13 May 2011 17:16:36 +0530 https://www.taxtmi.com/acts?id=12651