Substitution of sub-paragraphs (c) and (d) of Part I and insertion of Section III of Part IT of Schedule XIII to Companies Act, 1956

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..... graphs (c) and (d) of Part I and insertion of Section III of Part IT of Schedule XIII to Companies Act, 1956 GSR 418(E).- In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following amendments in Schedule XIQ to the said Act, namely: 1. In Part I, for sub-paragraphs ( c ) and ( d ) the f .....

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..... son in two companies. Subject to the provisions of Sections I and n, a managerial person shall draw remuneration from one or both companies, provided that the total remuneration drawn from the companies does not exceed the higher maximum limit admissible from any one of the companies of which he is a managerial person." - Notification Tax Management India - taxmanagementindia - taxmanage .....

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