Monetary Ceilings of Salaries for the Corporate Sector including CEOS and CFOS

Last updated: 23 April 2013

There are no monetary ceilings of salaries laid down in the Companies Act,1956 for personnel serving in the corporate sector including CEOs, CFOs and Directors thereof. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that the only ceiling that is laid down in section 198 of the Act is to the effect that the total remuneration payable by a public company or a private company which is a subsidiary of a pub
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1999
(Excl. of GST ₹359)

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3499
(Excl. of GST ₹629)

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4999
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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