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Sec. 217

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This query is : Resolved

Prashant (Querist)

24 August 2011 Sir,

Is There any increament in the remuneraion crieterio of employee for reporting purpose in d BOD's Report. (at present it is Rs.200000/- p.m.)

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

25 August 2011 The Ministry of Corporate Affairs has vide notification dated 31st March 2011 enhanced the limits for the purpose of disclosure of particulars of employees in Directors Report as requisite under Section 217 (2A) read with Companies (Particulars of Employees) Rules, 1975 from the existing limit of Rs. 24 lakh/ year/ Rs. 2 lakh per month to Rs. 60 lakh per year/ Rs. 5 lakh per month and by such notification also covers Government Companies for such disclosures. By such notification, the amended rules may be called as Companies (Particulars of Employees) Amendment Rules, 2011.

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