CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
09 April 2011
Companies (Particulars of Employees) Rules have been amended and the limit of Rs. 24 Lacs and 2 Lacs p.m. have been enhanced to Rs. 60 Lacs and 5 Lacs, respectively.
Detailed notification attached.
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 09 April 2011
Thanks sir for sharing.
Pls confirm me that it is not effective now and will come into effect after publication in official Gazette.
It means we need to follow the old provisions of Act for the time being.
Is it so..?
CS Premjith
(Company Secretary)
(499 Points)
Replied 18 April 2011
Bharti
(abc)
(26 Points)
Replied 18 April 2011
how do one comes to know whether a particular amendment got published in official gazette or not?
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 05 May 2011
Effective Date for Companies (Particulars of Employees) Amendment Rules, 2011
General Circular No. 23/20 1 1; Government of India- Ministry of Corporate Affairs; Dated: 03.05.20 1 1
Sub: Clarification regarding effective date of Companies (Particulars of Employees) Amendment Rules, 2011
The Ministry had notified Companies (Particulars of Employees) Amendment Rules, 2011 vide GSR 289 (E) dated 3 1.03.20 1 1 raising the limit of employee’s salary to be disclosed in Directors Report.
In this regard, it is clarified that the said notification shall be applicable to all Director’s Reports under section 217 of the Companies Act, 1956 approved by the Board of Directors on or after 1.4.2011, irrespective of the accounting year of the annual account, being approved by the Board.
CS Premjith
(Company Secretary)
(499 Points)
Replied 05 May 2011
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