#section199 #companiesact2013 #recoveryofremuneration The provisions relating to the Employment and Remuneration of managerial personnel are covered in Chapter XIII of the Companies Act, 2013. Section 199 of the Companies Act, 2013 provides for recovery of remuneration in some instances. The provisions of this section are effective from 1 April 2014. This is a new provision added to the Act. It provides for the recovery of remuneration, including stock options, earned by the