Companies Act, 1956
Section - 637AA - Power of Central Government to fix a limit with regard to remuneration
[Power of Central Government to fix a limit with regard to remuneration.637AA. Notwithstanding anything contained in , or , the Central Government may, while according its approval under , to any appointment or to any remuneration under , , or , fix the remuneration of the persons so appointed or the remuneration, as the case may be, 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, the Central Government shall have regard to— (a) the financial position of the company; (b) the remuneration or commission drawn by the individual concerned in any .... To read the full section download the app from Google Play store
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