Minimum Remuneration. If, in any financial year, the Company has no profits or its profits are inadequate,the Company shall pay remuneration to its Whole-time Director in accordancewith the provisions of Schedule V of the Act and if it is not able to comply withsuch provisions, with the previous approval of the Central Government.
Appears in 3 contracts
Sources: Nomination and Remuneration Policy, Nomination and Remuneration Policy, Nomination and Remuneration Policy
Minimum Remuneration. If, in any financial year, the Company has no profits or its profits are inadequate,, the Company shall pay remuneration to its Whole-time Director in accordancewith accordance with the provisions of Schedule V of the Act and if it is not able to comply withsuch with such provisions, with the previous approval of the Central Government.
Appears in 1 contract
Sources: Nomination and Remuneration Policy