The Central Government vide its powers confirmed under section 642 of the Companies Act , 1956 has raised the total monthly remuneration for the purpose of Clause (b) of sub section (1) of section 314, Rs.10,000 limit u/s 314(1)(b) of Companies Act raised to Rs.50,000 & Rs.20,000 limit u/s 314(1B)) raised to Rs.2,50,000.
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DEEPAK THERE IS NO LIMIT OF 20000 IN SEC 314(1) AND 314(1B).
NOW THE LIMITS ARE INCREASED TO 5 TIMES.
SEC 314(1) 10000 OR MORE BUT UP TO 50 EARLIER
50000 OR MORE BUT UP TO 250000 NOW
SEC 314(1B) MORE THAN 50000 EARLIER
MORE THAN 250000 NOW
BUT THE ABOVE INCREASED REMUNERATION ARE NOT APPLICABLE FOR NOV 2011 EXAMS.
CA Suraj Garg & Associates
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