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    <title>Managerial remuneration - Payment of - Supreme Court decision</title>
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    <description>Supreme Court consent order deems appointments of managerial personnel approved where remuneration paid or payable is within the limits of the earlier administrative guidelines; payments reflected in companies&#039; accounts covered by those guidelines are not to be treated as excessive; court undertakings to refund excess amounts are discharged if amounts fall within those guidelines; pending applications by companies that did not accept the later guidelines are deemed disposed, but the order excludes companies that had consented to the later guidelines.</description>
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      <description>Supreme Court consent order deems appointments of managerial personnel approved where remuneration paid or payable is within the limits of the earlier administrative guidelines; payments reflected in companies&#039; accounts covered by those guidelines are not to be treated as excessive; court undertakings to refund excess amounts are discharged if amounts fall within those guidelines; pending applications by companies that did not accept the later guidelines are deemed disposed, but the order excludes companies that had consented to the later guidelines.</description>
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      <pubDate>Fri, 19 Aug 1994 00:00:00 +0530</pubDate>
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