I want to know that sec 217 (2A) clause regarding list of each employee getting a salary in excess of 24 lacs per annuam is applicable on pvt ltd company also or it's applicable on public ltd companies only.
suman (Auditor ) (388 Points)
17 November 2011I want to know that sec 217 (2A) clause regarding list of each employee getting a salary in excess of 24 lacs per annuam is applicable on pvt ltd company also or it's applicable on public ltd companies only.
ashish gupta
( student)
(1922 Points)
Replied 17 November 2011
Its applicable on pvt compnanies as well
Dhananjay Reddy
(Audit Manager)
(194 Points)
Replied 17 November 2011
very well it is applicable to all companies.
Rajeev kumar Nayak
(ACS)
(283 Points)
Replied 17 November 2011
It is applicable for both public as well as private company.
Now the limit under section 217(2A) is increased to Rs. 60 lacs from Rs. 24 Lacs (monthly Rs. 5 lac from Rs. 2 lac).
Thanks & Regards
CS Rajeev Nayak
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 18 November 2011
Hello,
Section 217(2 a) of the companies act 1956 is applicable to all the Companies.
As Mr. Rajeev rightly said the limit under section 217(2A) is increased to Rs. 60 lacs from Rs. 24 Lacs (monthly Rs. 5 lac from Rs. 2 lac). I this regard the Notification is attached.
Dhananjay Reddy
(Audit Manager)
(194 Points)
Replied 18 November 2011
Could any body tell from which financial year the increased limits will be applicable ?
suman
(Auditor )
(388 Points)
Replied 20 November 2011
Any company presenting it's annual report on or after 1st april 2011 will follow this increased limit of 5 lacs.
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