Companies Act 2013 Directors Provisions And Guidelines 2014
2. Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits [section 197 of the 2013 Act]. As against the existing requirement of section 198 of the 1956 Act, which specifically provides that the provisions of managerial remuneration would be applicable to both public companies and private companies which are subsidiaries of public companies; the (i) Every listed company, within one year from the commencement of the second proviso to sub-section (1) of section 149....