Amendment to Schedule V of the Companies Act., 2013-MCA

Amendment to Schedule V of the Companies Act., 2013-MCA

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (ii)] 

Government of India 
MINISTRY OF CORPORATE AFFAIRS 
Notification 

New Delhi, 18th March, 2021. 

S.O……(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following amendments to Schedule V of the said Act, namely –

2.In Schedule V of the Companies Act, 2013, in PART II, under the heading “REMUNERATION”. –

(a) in Section I, in the first para, after the words “managerial person or persons”, the words “or other director or directors” shall be inserted; 

(b) in Section II,–

(i) after the words “managerial person”, wherever occurred, the words “or other director” shall be inserted;

(ii) for table (A):, the following shall be substituted, namely.-

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Source: MCA

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