SANTOSH SHAH (Company Secretary) (754 Points)
04 May 2011Hello All
Please find attached MCA Circular dt 03.05.2011 on "Clarification of Particulers of Employees Amendment Rules 2011
reference to MCA Notification 289 (E) Dt 31.03.2011.
Disclosure of Employees Salary in Directors Report irrespective of accounting year applicable on or after 1.4.2011.
Attached Circular and Notification for your reference.
regards
Santosh Shah
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 05 May 2011
Accordingly, all Directors' Report approved on or after 1/4/2011have to disclose particulars of employees whose annual salary exceed Rs. 5 Lacs p.m. or Rs. 60 Lacs p.a.
The year of Director Report is irrelevant for the purpose, the date of approval is taken for the same.
Jigar Kshatriya
(CA Final & Articled Assistant)
(27 Points)
Replied 05 May 2011
Thanks a lot...........
CAclubindia
