Section 200: Central Government or company to fix limit with regard to remuneration

The Companies Act, 2013Central Act · Act 18 of 2013

Notwithstanding anything contained in this Chapter, *** a company may, while according its approval under section 196, to any appointment or to any remuneration under section 197 in respect of cases where the company has inadequate or no profits, fix the remuneration within the limits specified in this Act, at such amount or percentage of profits of the company, as it may deem fit and while fixing the remuneration, *** the company shall have regard to--

(a) the financial position of the company;

(b) the remuneration or commission drawn by the individual concerned in any other capacity;

(d) professional qualifications and experience of the individual concerned;

(e) such other matters as may be prescribed.

Where this provision sits

Act	The Companies Act, 2013
Section	200
Marginal note	Central Government or company to fix limit with regard to remuneration
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

omitted, Act 1 of 2018. . The words "which begins at or after the commencement of this Act" omitted by Act 1 of 2018, s. 68 (w.e.f. 12-9-2018).
omitted. . The words "the Central Government or" omitted s. 69, ibid., (w.e.f. 12-9-2018).

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