https://www.taxtmi.com/acts?id=12652 In a public company, or a private company that is a subsidiary of a public company, any re-appointment or appointment after the commencement of the Act that purports to increase, directly or indirectly, the remuneration of a managing or whole-time director has no effect unless the increase is in accordance with the conditions of the applicable Schedule or is approved by the Central Government, and it becomes void to the extent disapproved by that Government. en-us Fri, 13 May 2011 17:20:51 +0530 Fri, 13 May 2011 17:20:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12652 In a public company, or a private company that is a subsidiary of a public company, any re-appointment or appointment after the commencement of the Act that purports to increase, directly or indirectly, the remuneration of a managing or whole-time director has no effect unless the increase is in accordance with the conditions of the applicable Schedule or is approved by the Central Government, and it becomes void to the extent disapproved by that Government. Act-Rules Companies Law Fri, 13 May 2011 17:20:51 +0530 https://www.taxtmi.com/acts?id=12652