https://www.taxtmi.com/circulars?id=10611 When a private company converts into a public company or becomes a deemed public company, pre existing managing directors whose remuneration conforms with statutory remuneration provisions may continue without Central Government permission; however, public company governance provisions apply from conversion and Central Government approval is required for amendments to appointment terms, for reappointment procedures, and for payment of minimum remuneration. en-us Mon, 23 Jan 1961 00:00:00 +0530 Wed, 15 Jun 2011 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10611 When a private company converts into a public company or becomes a deemed public company, pre existing managing directors whose remuneration conforms with statutory remuneration provisions may continue without Central Government permission; however, public company governance provisions apply from conversion and Central Government approval is required for amendments to appointment terms, for reappointment procedures, and for payment of minimum remuneration. Circulars Companies Law Mon, 23 Jan 1961 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10611