Why companies are not disclosing salary information as per the Companies Act and/ or rules framed thereunder. They are just showing that details are available, interested person can ask for the same.
4 Replies
sabyasachi mukherjee
(27574 Points)
Replied 12 May 2023
Salary information needs to be disclosed seperately as per Sec 196 and Sec 197 along with schedule v is a pertinent disclosure that needs to be provided.
CS Vasudev Sharma
(Service)
(405 Points)
Replied 12 May 2023
That i know but many companies are not providing the same even in case of listed companies also.. they simply put the clause that the details are available with the Company interested stakeholders can ask for the details.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 26 May 2023
I feel this is not the right practice. Proper disclosure should be given in the Directors' report or wherever required by law.
Thank you !
Chirag
(Professional)
(1979 Points)
Replied 12 June 2023
Companies May provide weblink ,but still it's a best practice to disclose salary details of directors and KMP !
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