Waiver of approval of Central Government for payment of remuneration to professional managerial person by companies having no profits or inadequate profits.

Waiver of approval of Central Government for payment of remuneration to professional managerial person by companies having no profits or inadequate profits. https://www.taxtmi.com/news?id=2019 Amendment to Schedule XIII waives Central Government approval for listed companies and their subsidiaries without profits or with inadequate profits to pay remuneration above the prescribed threshold to a professional managerial person, provided the person had no direct or indirect interest in the company's or holding company's capital during the two years before or on appointment and holds a graduate-level qualification with expert or specialized professional knowledge; other general conditions in paragraph (c), Section II, Part II of Schedule XIII remain applicable. en-us Tue, 19 Jul 2011 18:18:06 +0530 Tue, 19 Jul 2011 18:18:06 +0530 TaxTMI RSS Generator Waiver of approval of Central Government for payment of remuneration to professional managerial person by companies having no profits or inadequate profits. https://www.taxtmi.com/news?id=2019 Amendment to Schedule XIII waives Central Government approval for listed companies and their subsidiaries without profits or with inadequate profits to pay remuneration above the prescribed threshold to a professional managerial person, provided the person had no direct or indirect interest in the company's or holding company's capital during the two years before or on appointment and holds a graduate-level qualification with expert or specialized professional knowledge; other general conditions in paragraph (c), Section II, Part II of Schedule XIII remain applicable. News - Tue, 19 Jul 2011 18:18:06 +0530 https://www.taxtmi.com/news?id=2019