https://www.taxtmi.com/acts?id=17772 Appointment of a managerial person requires absence of specified convictions or detentions, Indian residency for the preceding twelve months or appropriate visa, and age between twenty-one and seventy years unless a special resolution approves otherwise. Remuneration is governed by profit status: companies with profits follow section 197; companies with no or inadequate profits are subject to quantified ceilings based on effective capital, with possible higher payments by special resolution or in specified special circumstances, subject to Board/committee approval, shareholder resolution, creditor no-objection certificates, auditor/secretary certification, and prescribed disclosures. Certain perquisites are excluded from remuneration ceilings. en-us Sat, 02 Mar 2013 17:02:18 +0530 Tue, 03 Feb 2026 21:08:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17772 Appointment of a managerial person requires absence of specified convictions or detentions, Indian residency for the preceding twelve months or appropriate visa, and age between twenty-one and seventy years unless a special resolution approves otherwise. Remuneration is governed by profit status: companies with profits follow section 197; companies with no or inadequate profits are subject to quantified ceilings based on effective capital, with possible higher payments by special resolution or in specified special circumstances, subject to Board/committee approval, shareholder resolution, creditor no-objection certificates, auditor/secretary certification, and prescribed disclosures. Certain perquisites are excluded from remuneration ceilings. Act-Rules Companies Law Sat, 02 Mar 2013 17:02:18 +0530 https://www.taxtmi.com/acts?id=17772