MCA notifies amendment norms relating to remuneration of Independent directors and non-executive directors

MCA has appointed March 18, 2021 as the date on which provisions relating to Remuneration to Independent director and non-executive director would come into force. The amendment were introduced vide the Companies (Amendment) Act, 2020. The amendment prescribes quantum of remuneration payable to Independent director in case if a company has no profits or its profit are inadequateMCA has appointed March 18, 2021 as the date on which provisions relating to Remuneration to Independent director and non-executive director would come into force. The amendment were introduced vide the Companies (Amendment) Act, 2020. The amendment prescribes quantum of remuneration payable to Independent director in case if a company has no profits or its profit are inadequatetaxmann.com Latest Statutory HappeningsRead More

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