Increase in director’s remuneration requires Government sanction Director rendering services ordinarily expected to be rendered by him Whether remuneration paid for services required approval of Central Government

Increase in director’s remuneration requires Government sanction Director rendering services ordinarily expected to be rendered by him Whether remuneration paid for services required approval of Central Government https://www.taxtmi.com/circulars?id=10649 Increase in director remuneration or payments effectively for duties ordinarily expected of a director require prior Government approval; reasonable reimbursement of expenses is allowed. Professional fees for services beyond ordinary directoral duties may differ, but any payment overlapping directoral functions needs sanction. Companies must obtain approval before paying remuneration or effecting appointments, as retrospective validation will generally be refused absent unavoidable delay. en-us Tue, 12 May 1959 00:00:00 +0530 Tue, 21 Jun 2011 14:02:00 +0530 TaxTMI RSS Generator Increase in director’s remuneration requires Government sanction Director rendering services ordinarily expected to be rendered by him Whether remuneration paid for services required approval of Central Government https://www.taxtmi.com/circulars?id=10649 Increase in director remuneration or payments effectively for duties ordinarily expected of a director require prior Government approval; reasonable reimbursement of expenses is allowed. Professional fees for services beyond ordinary directoral duties may differ, but any payment overlapping directoral functions needs sanction. Companies must obtain approval before paying remuneration or effecting appointments, as retrospective validation will generally be refused absent unavoidable delay. Circulars Companies Law Tue, 12 May 1959 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10649