https://www.taxtmi.com/acts?id=13150 Eligibility for appointment as a managerial person requires absence of conviction or detention under specified statutes, defined residency in India, and age and remuneration draw limitations; remuneration regimes impose percentage caps on net profits for profitable companies and tiered ceiling regimes for companies with no or inadequate profits, with higher ceilings conditioned on Remuneration Committee approval, no debt repayment defaults, shareholder special resolution with prescribed disclosures, and in certain cases prior central government approval where effective capital is negative. Perquisites excluded from ceilings and expatriate allowances are specified, and procedural safeguards include shareholder approval and certification by auditor or secretary. en-us Sat, 21 May 2011 12:15:03 +0530 Sat, 21 May 2011 12:15:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13150 Eligibility for appointment as a managerial person requires absence of conviction or detention under specified statutes, defined residency in India, and age and remuneration draw limitations; remuneration regimes impose percentage caps on net profits for profitable companies and tiered ceiling regimes for companies with no or inadequate profits, with higher ceilings conditioned on Remuneration Committee approval, no debt repayment defaults, shareholder special resolution with prescribed disclosures, and in certain cases prior central government approval where effective capital is negative. Perquisites excluded from ceilings and expatriate allowances are specified, and procedural safeguards include shareholder approval and certification by auditor or secretary. Act-Rules Companies Law Sat, 21 May 2011 12:15:03 +0530 https://www.taxtmi.com/acts?id=13150