https://www.taxtmi.com/notifications?id=23838 Exemption from Central Government approval under section 309(4) for managerial remuneration of nidhis and mutual benefit societies is permitted where the entity lacks a managing director, whole-time director, or manager; aggregate directors' remuneration in a financial year does not exceed a ceiling tied to net profits or a lower monetary cap; and such remuneration is approved by a special resolution of the nidhi or mutual benefit society. en-us Mon, 23 Feb 1998 00:00:00 +0530 Wed, 22 Jun 2011 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23838 Exemption from Central Government approval under section 309(4) for managerial remuneration of nidhis and mutual benefit societies is permitted where the entity lacks a managing director, whole-time director, or manager; aggregate directors' remuneration in a financial year does not exceed a ceiling tied to net profits or a lower monetary cap; and such remuneration is approved by a special resolution of the nidhi or mutual benefit society. Notifications Companies Law Mon, 23 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23838