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    <title>Schedul Xiii of the Companies Act 1956 Being Amended- Unlisted Companies Shall not Require Government Approval for Managerial Remuneration Where they have no Profits</title>
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    <description>Amendment to Schedule XIII removes the requirement for Government approval of managerial remuneration in unlisted public companies with no or inadequate profits, provided they satisfy the Schedule XIII conditions - including shareholder special resolution and absence of default to creditors - and are not subsidiaries of listed companies.</description>
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      <description>Amendment to Schedule XIII removes the requirement for Government approval of managerial remuneration in unlisted public companies with no or inadequate profits, provided they satisfy the Schedule XIII conditions - including shareholder special resolution and absence of default to creditors - and are not subsidiaries of listed companies.</description>
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