Managerial remuneration - Increase in director’s remuneration requires Government sanction Government’s approval is dispensed with in cases where the increase in remuneration.

Managerial remuneration - Increase in director’s remuneration requires Government sanction Government’s approval is dispensed with in cases where the increase in remuneration. https://www.taxtmi.com/circulars?id=11018 Increase in managerial remuneration need not obtain Central Government sanction if it conforms to the terms in Part II read with Part III of Schedule XIII; where an earlier shareholders' resolution already covers the proposed increase or the comparable reduction requirement in Part III, no further resolution need be passed and no return need be filed with the Registrar of Companies. en-us Thu, 13 Apr 1989 00:00:00 +0530 Mon, 20 Jun 2011 13:02:00 +0530 TaxTMI RSS Generator Managerial remuneration - Increase in director’s remuneration requires Government sanction Government’s approval is dispensed with in cases where the increase in remuneration. https://www.taxtmi.com/circulars?id=11018 Increase in managerial remuneration need not obtain Central Government sanction if it conforms to the terms in Part II read with Part III of Schedule XIII; where an earlier shareholders' resolution already covers the proposed increase or the comparable reduction requirement in Part III, no further resolution need be passed and no return need be filed with the Registrar of Companies. Circulars Companies Law Thu, 13 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11018