Section 200 Central Government or company to fix limit with regard to remuneration
- Amendments
- 2
- Last changed
- 12 September 2018
200. Central Government or company to fix limit with regard to remuneration.—
Notwithstanding anything contained in this Chapter, Text omitted by amendmentThe words “the Central Government or” omitted by Companies (Amendment) Act, 2017, s. 69, with effect from 12 September 2018 a company may, while according its approval under section 196, to any appointment or to any remuneration under section 197 in respect of cases where the company has inadequate or no profits, fix the remuneration within the limits specified in this Act, at such amount or percentage of profits of the company, as it may deem fit and while fixing the remuneration, Text omitted by amendmentThe words “the Central Government or” omitted by Companies (Amendment) Act, 2017, s. 69, with effect from 12 September 2018 the company shall have regard to—
(a) the financial position of the company;
(b) the remuneration or commission drawn by the individual concerned in any other capacity;
(c) the remuneration or commission drawn by him from any other company;
(d) professional qualifications and experience of the individual concerned;
(e) such other matters as may be prescribed.