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Companies (Appointment and Remuneration of Managerial Personnel) Amendment, Rules,2016

Companies (Appointment and Remuneration of Managerial Personnel) Amendment, Rules,2016

Dated- 30.06.2016

The following are the amendments:

  1. Filing of return of appointment not required for CEO, CS & CFO.
  2. Certain exemptions in disclosure in Board’s Report.
  3. 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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