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May 2011

Amendment to Companies (Particulars of Employees) Rules, 1975 — Increase in the limits.

By Sejal Vasa | Company Secretary
Reading Time 1 mins
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Section 217 of the Companies Act, 1956 requires certain particulars of employees to be disclosed in the Board’s report, who draw remuneration in excess of the prescribed limits. Vide this amendment; these limits are increased from Rs.24 lakh per annum and Rs.2 lakh per month to Rs.60 lakh per annum and Rs.5 lakh per month, respectively.

For complete text of the Notification visit

http://www.mca.gov.in/Ministry/notification/pdf/ Notification_31mar2011.pdf

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