Schedule V under Companies Act, 2013
Schedule V under Companies Act, 2013 Conditions for Appointment and payment of remuneration of managerial personnel PART – I (APPOINTMENTS) Appointment of Managing Director or Whole Time Director or a manager without the approval of the Central Government. Person shall not be appointed as a Managing Director or Whole Time Director or a Manager of a Company unless he satisfied the following conditions; A. He had not been sentenced to imprisonment for any period, or to a fine exceeding Rupees 1000/- for the conviction of an offence under any of the following Acts, 1. The Indian Stamp Act, 1899 2. The Central Excise Act, 1944 3. IDRA, 1951 4. The essential commodities Act, 1955 5. The prevention of Food Adulteration Act, 1954 6. ...