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Companies (Appointment & Remuneration of Managerial Personnel) Amend. Rules 2018

Ministry of Corporate Affairs MCA Notification dated 12th September 2018

G.S.R. 875(E).— In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, namely:—

1. (1) These rules may be called the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2018.

 (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014,

 (i) in rule 6,
 (a) for the heading ‘application to the Central Government’ the heading ‘Parameters for consideration of remuneration’ shall be substituted.
 (b) the words ‘Central Government’ shall be omitted .

 (ii) in rule 7, sub-rule (2) shall be omitted

 (iii) for form no.MR-2, the following form shall be substituted
{the lengthy form no. MR-2 is not pasted here - check original notification}


Note: — The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, sub-section (i), vide number G.S.R. 249(E), dated the 31st March, 2014, subsequently amended vide notification number G.S.R.390(E) dated 09.06.2014 and lastly amended vide notification number G.S.R.646 (E) dated 30.06.2016.

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