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July 2011

Vide notification dated 23rd May 2011, the MCA has issued amendments to Schedule XII of the Companies Act, 1956 pertaining to remuneration of Managing Director or Whole-Time Director for a subsidiary of a listed company.

By Sejal Vasa, Company Secretary
Reading Time 1 mins
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For further information:

http://www.mca.gov.in/Ministry/notification/pdf/ G.S.R_30may2011.pdf

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