Basis for determination of director’s remuneration Condition restricting travelling/daily allowance to limits laid down in Income tax Rules Whether to be imposed while giving approval under the section

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on<br>No. 5/75, Dated:- 1-2-1975 Circular<br>Companies Law<br>Circular : No. 5/75, dated 1&#8209;2&#8209;1975. Subject:-Basis for determination of director's remuneration &#8209; Condition restricti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....imposed, has been considered in consultation with the Company Law Advisory Committee. Having regard to the various practical difficulties faced by the companies in complying with the aforesaid conditi....