Managerial remuneration - In case of absence or inadequacy of profits When approval of the Central Government is not required as per in terms of the sub section as recast by the Companies (Amendment) Act, 1988

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ct, 1988<br>Circular No. Circular : No. 3, Dated:- 13-4-1989 Circular Dated:- 13-4-1989 Circular<br>Companies Law<br>Circular : No. 3, dated 13&#8209;4&#8209;1989. Subject:- Managerial remuneration....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ance with the terms and conditions specified in Schedule XIII; and &nbsp;&nbsp;&nbsp;&nbsp; (b) the resolution passed in the general meeting provided for a cut1 of 10 per cent of the salary propose....