MCA amends appointment and remuneration of Managerial Personnel Rules

MCA amends appointment and remuneration of Managerial Personnel Rules, amends form MR-2

MCA amends appointment and remuneration of Managerial Personnel Rules

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)]

Government of India

Ministrv of Corporate Affairs

NOTIFICATION

New Delhi, 12th September, 2018

G.S.R. .-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 Click here to download complete notification amendingAppointment and Remuneration of Managerial Personnel Rules along with newly substituted Form MR-2

File Number 1 / 5 /2013-CL-V

K.V.R. Murty , Joint Secretary

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.249(E) dated 09.06.2014 and lastlv amended vide notification number G.S.R.646 (E) dated 30.06.2016 You may also refer :

• MCA amends Schedule V of the Companies Act 2013
• MCA invites comments on committee report to review offences