Query: Rule 9(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

    Posted By : damini / Published on : 01-Jun-2020 01:13 PM / View : 28 / Comment : 0
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    As we all know Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, has been amended by MCA wide notification dated 3rd January, 2020.

    I need a clarification on the below explanation provided in Rule 9(1), it says;

    “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.”.

    What is meant by existing on the last date of latest audited financial statement shall be taken into account.
    Read more on : personnel rules managerial remuneration rule companies appointment query



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