#rule7 #section201 #companiesact2013 #appointment #remuneration The Ministry of Corporate Affairs ("MCA") revised the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 ("Managerial Remuneration Rules, 2014") on June 30, 2016, by issuing the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2016. ("Amended Managerial Remuneration Rules, 2016"). Rule 7 is regarding the Fees and contains three clauses and five sub-clauses. The cla

#rule6 #appointment #remuneration #managerialpersonnel Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended by Companies (Appointment and Remuneration of Managerial Personnel) Amendments Rules, 2020.   Appointment and Remuneration of Managerial Personnel Rules 2014 are applicable from 1st April 2014. Rule 6 is read with section 200, "Central Government or company to fix a limit concerning remuneration." Rule-6 specifies the Parameters for C

INTRODUCTION: This provision talks about the remuneration of the management of the company. This Section applies to every public company but not to private companies. MAXIMUM MANAGERIAL REMUNERATION: The Company which is acquiring the profits in the financial year may have to pay the remuneration to managerial personnel or person, not exceeding the limits prescribed in this provision. According to Section 197(1) of the Companies Act, 2013, the total managerial remuneration pa