https://www.taxtmi.com/forum/issue?id=4085 Public companies face a statutory ceiling on managerial remuneration computed on net profits, including a specific aggregate cap for managing/whole time directors; private companies not subsidiary to a public company are generally exempt from Central Government approval and statutory remuneration limits. Central Government approval is required only in specified exceptional situations such as certain convictions or detention, prescribed age or residency exceptions without a special resolution, or where proposed remuneration exceeds the schedule thresholds, and excess payment in applicable cases engages the approval and compliance framework. en-us Wed, 25 Apr 2012 16:26:28 +0530 Thu, 23 Jan 2025 15:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4085 Public companies face a statutory ceiling on managerial remuneration computed on net profits, including a specific aggregate cap for managing/whole time directors; private companies not subsidiary to a public company are generally exempt from Central Government approval and statutory remuneration limits. Central Government approval is required only in specified exceptional situations such as certain convictions or detention, prescribed age or residency exceptions without a special resolution, or where proposed remuneration exceeds the schedule thresholds, and excess payment in applicable cases engages the approval and compliance framework. Discussion-Forum Companies Law Wed, 25 Apr 2012 16:26:28 +0530 https://www.taxtmi.com/forum/issue?id=4085