Regulation of Salary

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....egulation of Salary <br>News and Press Release<br>Dated:- 27-2-2015<br><BR>The managerial remuneration payable by a listed company and its subsidiaries to its directors is regulated under section 197 ....

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....of the Companies Act, 2013 (the Act) read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. In terms of these provisions, the total managerial remuneration shall n....

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....ot exceed 11% of net profits of the Company for that financial year unless the Company, in a general meeting, with the approval of the Central Government, authorises payment of remuneration in excess ....

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....of the above ceiling. Salaries of other personnel are not regulated under the Act.<BR> News - Press release - PIB....