Compensation and Benefits

Board™s Report Enhanced Role Under The New Companies Act 2013

Introduction Section 134 of the Companies Act, 2013 casts a responsibility on the Board of Directors to prepare a report containing details as discussed below and this report needs to be annexed to the Financial Statements which are laid before the members in the annual general meeting. Companies Act, 2013 also contains provisions regarding revision… Read More

Tags: Audit CommitteeBoard of directorsCompanies ActCompanies Act 2013Compensation and BenefitsFinancial statementIndependent directorPublic company

Draft Rules under Companies Act 2013 :: Chapter XIII :: Appointment and Remuneration of Managerial Personnel

Click Here to Download the Draft Rules for Chapter XIII -------------------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER XIII APPOINTMENT AND REMUNERATION  OF MANAGERIAL PERSONNEL  13.1 For the purposes of second proviso to sub-section (4) of section 196, a company shall file a return of appointment of a managing director, whole time director or manager with the… Read More

Tags: Board of directorsBusinessCompensation and BenefitsExecutive payHuman ResourcesIndiaPublic companySalary

Executive Compensation in India

INTRODUCTION Issues of Corporate Governance, having gained stronghold in the developed nations of the West, have largely invaded the Indian Corporate Sector in the past decade. In present times, it has in fact reached a stature when Good corporate governance practices are a sine qua non for sustainable business that aims at generating long term value to… Read More

Tags: BusinessChief executive officerCompensation and BenefitsCorporate GovernanceExecutive payFinancial Stability ForumHuman ResourcesIndia

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