Rule 7 Fees
- Chapter
- I · Appointment and Remuneration
(1) Every application made to the Central Government under the provisions of Chapter XIII shall be made in Form No. MR.2 and shall be accompanied by fee as may be specified for the purpose.
1Text omitted by amendmentFormer sub-rule (2), permitting companies other than listed companies and their subsidiaries to pay managerial remuneration beyond Schedule V ceilings without Central Government approval subject to specified conditions, omitted by G.S.R. 875(E), dated 12th September, 2018 (Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2018), w.e.f. 12th September, 2018.
(3) Every such application seeking approval shall be made to the Central Government within a period of ninety days from the date of such appointment.
1. Former sub-rule (2), permitting companies other than listed companies and their subsidiaries to pay managerial remuneration beyond Schedule V ceilings without Central Government approval subject to specified conditions, omitted by G.S.R. 875(E), dated 12th September, 2018 (Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2018), w.e.f. 12th September, 2018.