https://www.taxtmi.com/notifications?id=23717 Appointments to an office or place of profit involving partners or relatives of directors/managers, firms or private companies in which they are interested, or relatives engaged as consultants, require Central Government approval when remuneration exceeds the prescribed threshold. Such appointments must follow the same selection procedure as non-relatives and, for listed companies, be approved by a Selection Committee dominated by independent directors and an outside expert; unlisted firms must include outside experts while private companies may be exempt. Applications must include undertakings on exclusive employment, detailed remuneration and services, shareholding and dividend data, comparators for pay, and aggregated disclosure of relatives' remuneration for section 198 computation. en-us Mon, 02 May 2011 00:00:00 +0530 Tue, 21 Jun 2011 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23717 Appointments to an office or place of profit involving partners or relatives of directors/managers, firms or private companies in which they are interested, or relatives engaged as consultants, require Central Government approval when remuneration exceeds the prescribed threshold. Such appointments must follow the same selection procedure as non-relatives and, for listed companies, be approved by a Selection Committee dominated by independent directors and an outside expert; unlisted firms must include outside experts while private companies may be exempt. Applications must include undertakings on exclusive employment, detailed remuneration and services, shareholding and dividend data, comparators for pay, and aggregated disclosure of relatives' remuneration for section 198 computation. Notifications Companies Law Mon, 02 May 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23717