Managerial remuneration - Increase in director’s remuneration requires Government sanction Government’s approval is dispensed with in cases where the increase in remuneration.

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....lar : 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 - Increase in director's rem....

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....d Registrar of Companies and no further resolution in respect of paragraph 1 of Part III will be required to be passed if the proposed increase is already covered by an earlier resolution of the share....