Employment contract has nothing to do with the market of providing outsourced legal solutions
CLR Editorial Note: A case was filed with the Competition Commision of India by an ex-employee working with an organization providing Legal Outsourcing Services. According to the terms of the employment contract with the organization, a clause barred him from accepting employment with a competitor for a year after the resignation. This was challenged by the… Read More
Tags: Business, Employment contract, Human Resources, India, Law, Law practice optimization, Legal outsourcing, Services
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 directors, Business, Compensation and Benefits, Executive pay, Human Resources, India, Public company, Salary
CLR Snippets | Cabinet Revises Income Criterion applying to “Creamy layer” in OBCs
The Union Cabinet today gave its approval for increase in the present income criterion of Rs. 4.5 lakh per annum for applying the Creamy Layer restriction throughout the country, for excluding Socially Advanced Persons/Sections (Creamy Layer) from the purview of reservation of Other Backward Classes (OBCs). The new income criterion will be Rs. 6 lakh… Read More
Tags: Business, Cabinet of India, Consumer Price Index, Creamy Layer, Human Resources, Ministry of Human Resource Development, Other Backward Class, Union Cabinet
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: Business, Chief executive officer, Compensation and Benefits, Corporate Governance, Executive pay, Financial Stability Forum, Human Resources, India
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