In my opinion MD and WTD are not the employees of the Company, they are the Directors of the company and being a director they have entrusted some additional responsibilities and liabilities, so how can we categorised a director of company as a employee.
Their are separate provisions for the remuneration of MD or WTD or Manager and also shows separetaly.
Under section 217(2A) the particulars of employees whose salary exceeds Rs. 24 Lacs per annum or 2 Lacs per month are required to be disclosed (as per clause i and ii) and clause iii the details of such employees are required to be given whose remuneration is more than the remuneration of MD or WTD or Manager.
Thus according to me the details of WTD and MD should not be shown under section 217(2A).
Please correct me if i am wrong.