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

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....on<br>Circular No. No. 5/75, Dated:- 1-2-1975 Circular 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....

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....the Income&#8209;tax Rules, 1962 should be imposed, has been considered in consultation with the Company Law Advisory Committee. Having regard to the various practical difficulties faced by the compan....