Human Resources

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: BusinessEmployment contractHuman ResourcesIndiaLawLaw practice optimizationLegal outsourcingServices

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

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: BusinessCabinet of IndiaConsumer Price IndexCreamy LayerHuman ResourcesMinistry of Human Resource DevelopmentOther Backward ClassUnion 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: BusinessChief executive officerCompensation and BenefitsCorporate GovernanceExecutive payFinancial Stability ForumHuman ResourcesIndia

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