Company Secretary & Compliance Officer
17858 Points
Joined November 2008
Effective Date for Companies (Particulars of Employees) Amendment Rules, 2011
General Circular No. 23/20 1 1; Government of India- Ministry of Corporate Affairs; Dated: 03.05.20 1 1
Sub: Clarification regarding effective date of Companies (Particulars of Employees) Amendment Rules, 2011
The Ministry had notified Companies (Particulars of Employees) Amendment Rules, 2011 vide GSR 289 (E) dated 3 1.03.20 1 1 raising the limit of employee’s salary to be disclosed in Directors Report.
In this regard, it is clarified that the said notification shall be applicable to all Director’s Reports under section 217 of the Companies Act, 1956 approved by the Board of Directors on or after 1.4.2011, irrespective of the accounting year of the annual account, being approved by the Board.