Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020

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..... of the Companies Act, 2013 (18 of 2013) read with section 469 of the said Act, the Central Government hereby makes the following rules further to amend the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 , namely:- 1. (1) These rules may be called the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020. (2 .....

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..... e hundred crore rupees or more. . (iii) the following Explanation shall be inserted, namely:- Explanation :- For the purposes of this sub-rule, it is hereby clarified that the paid up share capital, turnover, or outstanding loans or borrowings as the case may be, existing on the last date of latest audited financial statement shall be taken into account. . [F. No. 01/0 .....

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