Remuneration to managerial person under Schedule XIII of the Companies Act, 1956 - Clarification with regard to payment for period.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Directors, All Registrars of Companies, All Stakeholders. Subject: Remuneration to managerial person under Schedule XIII of the Companies Act, 1956 - Clarification with regard to payment for period. Sir, Stakeholders have drawn attention to the provisions of Schedule XIII (sixth proviso to Para (C) of Section II of Part II) of the Companies Act, 1956 (Earlier Act) and as clarified vide Circu....