https://www.taxtmi.com/circulars?id=11058 The revised Schedule XIII governs appointments and remuneration of managing/whole-time directors and managers from its notification; increases in remuneration for incumbents may be made from that date without Central Government approval unless earlier approval imposed specific conditions, which remain binding. For salary and perquisites the effective capital is calculated as at the last date of the financial year preceding the year of appointment or fixation/revision, except companies incorporated in the same financial year may use the date preceding appointment. en-us Tue, 27 Jul 1993 00:00:00 +0530 Mon, 20 Jun 2011 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11058 The revised Schedule XIII governs appointments and remuneration of managing/whole-time directors and managers from its notification; increases in remuneration for incumbents may be made from that date without Central Government approval unless earlier approval imposed specific conditions, which remain binding. For salary and perquisites the effective capital is calculated as at the last date of the financial year preceding the year of appointment or fixation/revision, except companies incorporated in the same financial year may use the date preceding appointment. Circulars Companies Law Tue, 27 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11058