Companies (Appointment and Remuneration of Managerial Personnel) Amendment, Rules,2016
The following are the amendments:
- Filing of return of appointment not required for CEO, CS & CFO.
- Certain exemptions in disclosure in Board’s Report.
- The Board’s Report shall include a statement showing the names of the top ten employees in terms of remuneration drawn and the name of every employee who’s
- Aggregate remuneration throughout the financial year was not less than Rs. 120 Lakhs.
- Who has been employed for a part of the financial year and aggregate remuneration was not less than Rs. 8.5 Lakhs per month.
- MR -1 Form shall be substituted.
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