https://www.taxtmi.com/circulars?id=11104 Payment of remuneration to managerial personnel must comply with the Companies Act ceiling in Schedule XIII; any proposed excess requires prior Central Government approval and must not be paid until that approval is received. Applications for approval should be submitted promptly on appointment, re appointment, or at the time of any mid term increase, and delayed or retrospective submissions are inappropriate. en-us Fri, 23 Jun 2000 00:00:00 +0530 Mon, 20 Jun 2011 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11104 Payment of remuneration to managerial personnel must comply with the Companies Act ceiling in Schedule XIII; any proposed excess requires prior Central Government approval and must not be paid until that approval is received. Applications for approval should be submitted promptly on appointment, re appointment, or at the time of any mid term increase, and delayed or retrospective submissions are inappropriate. Circulars Companies Law Fri, 23 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11104