Managerial remuneration

Nishu Mantri (Company Secretary) (51 Points)

14 March 2012  

Daer Friends,

Kindly suggest me that does Deputy CEO and COO of the company who is drawing Rs 7500000 par annum from the company instead of that he is not the director of the Company, comes under  section 198 and Schedule XIII of Companies Act 1956  and approval for their appintment and remuneration of the same needs to be taken from centeral government through eform 25C