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....**] (3) Every such application seeking approval shall be made to the Central Government within a period of ninety days from the date of such appointment. ******* Notes 1. Omitted vide Notification No. F. No. 1/5/2013 CL-V dated 12-09-2018 before it was read as "(2) The companies other than listed companies and subsidiary of a listed company may without Central Government approval pay rem....

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....ancial year before the date of payment to such managerial personnel; (iii) the approval of shareholders by way of a special resolution at a general meeting of the company for payment of remuneration for a period not exceeding three years; (iv) a statement along-with a notice calling the general meeting referred to clause (iii) of sub-rule (2) above, shall contain the information as per sub claus....