Managerial remuneration - Overall maximum Whether banking companies are to obtain approval of the Central Government where remuneration exceeded prescribed limits

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....- 1-12-1962 Circular<br>Companies Law<br>Circular : Letter No. 13/7/62&#8209;PR, dated 1&#8209;12&#8209;1962. Subject:- Managerial remuneration - Overall maximum &#8209; Whether banking companies are....

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.... by banking companies but no approval of the Central Government (in the Company Law Department) will be required in addition to approval under sections 269, 309(3), 310 and 387. In view, however, of t....