{"id":509,"date":"2020-01-07T13:24:02","date_gmt":"2020-01-07T07:54:02","guid":{"rendered":"https:\/\/www.startupgali.com\/learn\/?p=509"},"modified":"2020-05-21T19:39:10","modified_gmt":"2020-05-21T14:09:10","slug":"appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020","status":"publish","type":"post","link":"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/","title":{"rendered":"Appointment and Remuneration of Managerial Personnel Amendment Rules 2020"},"content":{"rendered":"<p><strong>Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020.<\/strong><\/p>\n<p>They shall be applicable in respect of financial years commencing on or after<br \/>\n1&#8243;t April, 2020.<\/p>\n<p>2. ln the Companies (Appointment and Remuneration of Managerial Personnel)<br \/>\nRules, 2O14 (herein after referred to as said rules), for rule 8A, the following shall be<br \/>\nsubstituted as under:-<br \/>\n&#8220;8A. Every private company which has a paid up share capital of ten crore rupees or<br \/>\nmore shall have a whole -time company secretary.&#8221;.<br \/>\n3. In the said rulcs, in rule 9 of the said rules, in sub-rule (1),<br \/>\n(i) after clause (b), at the end the word &#8220;or&#8221; shall be inserted.<br \/>\n(ii) aftcr clause (b), the following clause shall be inserted, namely:-<br \/>\n&#8220;(c) every company having outstanding loans or borrowings from banks or public<br \/>\nfinancial institutions of one hundred crore rupees or more.&#8221;.<br \/>\n(iii) the following trxplanation shall be inserted, namely:-<br \/>\n&#8220;Explanation :- For the purposes of this sub-rule, it is hereby clarified that the paid<br \/>\nup share capital, turnover, or outstanding loans or borrowings as the case may be,<br \/>\nexisting on the last date of latest audited financial statement shall be taken into<br \/>\naccount.&#8221;.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020. They shall be applicable in respect of financial years commencing on or after 1&#8243;t April, 2020. 2. ln the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2O14 (herein after referred to as said rules), for rule 8A, the following shall be substituted as under:- [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[142,141],"class_list":["post-509","post","type-post","status-publish","format-standard","hentry","category-company","tag-appointment-and-remuneration-of-managerial-personnel","tag-appointment-and-remuneration-of-managerial-personnel-amendment-rules"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Appointment and Remuneration of Managerial Personnel Amendment Rules 2020 - StartupGali<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Appointment and Remuneration of Managerial Personnel Amendment Rules 2020 - StartupGali\" \/>\n<meta property=\"og:description\" content=\"Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020. They shall be applicable in respect of financial years commencing on or after 1&#8243;t April, 2020. 2. ln the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2O14 (herein after referred to as said rules), for rule 8A, the following shall be substituted as under:- [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"StartupGali\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-07T07:54:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-21T14:09:10+00:00\" \/>\n<meta name=\"author\" content=\"VikramS\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"VikramS\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/\"},\"author\":{\"name\":\"VikramS\",\"@id\":\"https:\/\/www.startupgali.com\/learn\/#\/schema\/person\/aa0ea331dc9dedc9c5737cde138e2393\"},\"headline\":\"Appointment and Remuneration of Managerial Personnel Amendment Rules 2020\",\"datePublished\":\"2020-01-07T07:54:02+00:00\",\"dateModified\":\"2020-05-21T14:09:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/\"},\"wordCount\":196,\"commentCount\":0,\"keywords\":[\"(Appointment and Remuneration of Managerial Personnel\",\"(Appointment and Remuneration of Managerial Personnel) Amendment Rules\"],\"articleSection\":[\"Company\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/\",\"url\":\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/\",\"name\":\"Appointment and Remuneration of Managerial Personnel Amendment Rules 2020 - StartupGali\",\"isPartOf\":{\"@id\":\"https:\/\/www.startupgali.com\/learn\/#website\"},\"datePublished\":\"2020-01-07T07:54:02+00:00\",\"dateModified\":\"2020-05-21T14:09:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.startupgali.com\/learn\/#\/schema\/person\/aa0ea331dc9dedc9c5737cde138e2393\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.startupgali.com\/learn\/appointment-and-remuneration-of-managerial-personnel-amendment-rules-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.startupgali.com\/learn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Appointment and Remuneration of Managerial Personnel Amendment Rules 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.startupgali.com\/learn\/#website\",\"url\":\"https:\/\/www.startupgali.com\/learn\/\",\"name\":\"StartupGali\",\"description\":\"Registration, License &amp; 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