Part II, Section 3, sub-

[To be published in the Gazette oflndia, Extraordinary,

Section (i)l

Government of India
Ministry of CorPorate Affairs

NOTIFICATION
New Delhi, ]odune,2016

exercise of the powers confened by sub-sections (1) and (2) of section

G.S.R. .-ln
469 of the companies Act,2013 (18 of 2013), the central Government hereby makes the
following rules further to amend the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, namely:-

l. (l)
These rules may be called the Companies (Appointment and Remuneration of
Managerial Personnel) Amendment Rules, 2016'

(2) They shall come into force from the date of their publication in the Official Gazette.

2. In the Companies (Appointment and Remuneration of Managerial Personnel) Rules' 2014'

(hereinafter referred to as the principal rules),-

(i) in rule 3, the expression "Chief Executive Officer (CEO), Company Secretary
and Chief Financial Officer (CFO)" shall be omitted.

3. in rule 5 of the principal rules,-

(a) in sub-rule (l), "clauses (v), (vi), (vii) and (ix) to (xi)" shall be omitted'
(b) in sub-rule (2),-
(a) for the words " the name of every employee of the company, who-"' the words
.. the names of the top ten employees in terms of remuneration drawn and the
name of every employee, who-" shall be substituted;

(b) in sub-clause (i) for the words "sixty lakh rupees", the words "one crore and
two lakh rupees" shall be substituted;

(c) in sub-clause (ii) for the words "five lakh rupees per month"' the words " eight
lakh and fifty thousand rupees per month" shall be substituted;
 a

4. For Form MR-l of the principal rules, the following form shall be substituted,
namelv.-
 Form No. MR-l Return of a ppointment of
[Pu6uant to Section t96 read with Section 197 managerial personnel
and Schedule V of the Companies Act and
purcudnt to Rule 3 of the Componies
(Appointment ond Remunerdtion ol Managerial
Personnel) Rules 20741

Form language o English o Hindi

Refer lnst.uction kit for filing the form.

1 lal 'Corporale rdertit! n.mte. {ClN) ol company

(b) Glotral locatiot n[mher (GLN] of company

2 ra) Name ol the conlpany

{b) Address ot the

registered office
ot lhe conrDany

3 (a) 'Direc':or identrlicatlon nunlber {DlNi or Inconle-iar oerffanent account

nrmDer iPANI or nremberslriD number

lr))

4. -Designation o Manager o Managirig Director o Whole Time Director

5 " Dale of lhe resolltion by tle Doard of drreclors iDDit\lM/YYYY)

6. 'Etfeclive date ot app'nim?nl iDDiMf,4/YYYY)

7. Terms and conditions including remuneration-

(a) Remuneration O Per month O Per Annum

i. Salary (ln Rs)

ii. Perquisites (ln Rs.)
iii. Others (In Rs.)
iv. Total of (i) to (iii) (In Rs.)
 iDl' Tenufe of aFgointftteflt From {O D r lfltul JY YYY l
To {ODiMt\4rYYYYj

icl other tenrs, if an!

8, *(a) Whether the age of the appointee is more than 70 years O yes O No

(b) If yes, date of passing of special resolution by the shareholders approving the appointment L_____________J

(c) SRN of related Form No. MGT-14 (for filing of Special Resolution)

9. *(a) Whether the appointee had been convicted or detained under any of the Acts mentioned in Part I of Schedule V
OYes O No
(b) If yes, Date of obtaining Central Government!
"pprou"l
E:]
10. x(a) Whether the approval for such appointment has been obtained from the members in general meeting O Yes O No
(b) If yes, date of passrng the ."ro,u,,on l------l
(c) SRN of Form No. MGT-14 (for filing of Special Resolution)

11. x (a) Whether the appointee has been disqualified for appointment of director under section 164 ofthe Act O Yes O No
(b) If yes, give details

Attachments
1) *Copy of Board resolution;
2) Copy of shareholders resolution;
G;-l
I -'"*l
3) Copy of the Central government approval, if any; 4)* Copy of
|. ^,,"- I
letter of consent to act as Managing Director/Whole time
Director/Manager ;
I ^""". I
5) Copy of certificate by the Nomination and Remuneration
Committee of the company, if any, to the effect that the t^""*t
remuneration is as per remuneration policy of the company

6) Optional attachments, if any. t;;;l

Declaration
|amauthorizedbytheBoardofDirectorsofthecompanyvidereso|utionno.1
form and declare that all the requirements of Companies Act, 2013 and the rules made thereunder in rEl[EE-i'lfrEsubject matter of
this form and matters incidental thereto have been complied with. I also declare that all the information given herein above is true,
correct and complete including the attachments to this form and nothing material has been suppressed.
*To be digitally signed by DSC

*Designation

xDIN of the director; or DIN or PAN of the manager or CEO or CFO; or

Membership number of the company secretary

Certificate by practicing professional

I declare that I have been duly engaged for the purpose of certification of this form. It is hereby certified that I
have gone through the provisions ofthe Companies Act, 2013 and Rules thereunder for the subject matter of this
form and matters incidental thereto and I have verified the above particulars (including attachment(s)) from the
original records maintained by the Company which is subject matter ofthis form and found them to be true, correct
and complete and no inlormation material to this form has been suppressed. I further cerlify that;
a. The said records have been properly prepared, signed by the required officers of the Company and
maintained as per the relevant provisions ofthe Companies Act,2013 and were found to be in order;
b. All the required attachments have been completely and legibly attached to this form.

"To digitally signed by

be
a Chartered accountant (in whole-time practice) or DSC BOX

o Cost accountant (in whole-time practice) or

o Company secretary (in whole+ime practice)
Whether associate or fellow a Associate n Fellow
Membership number

Note: Attention is drawn to provisions of Section 448 and 449 which provide for punishment for false statement /
certificate and punishment for false evidence respectively.

For office use only:

eFornl Service reqLresl i.rmDer rSRN ) eFcrn tlling date (DD/MM'YYYY)

Thrs e-Form is hereby reg;stered
Olgital signature ot the authorising ofiicer I ] I

Date of srgning
l_,-,,,. .i roo^.,tt'.'vvvv)
 [F. No..lfl2013 cl-v]

AMARDEEP SINGHBIIATIA, Jt. Sery.

Note: The principal rules were published in the Gazette of India, Exfraordinary, part-
-
II, Section 3, sub-section (i), yicle number G.S.R. 249(E), dated the 3lst Marcfu 2014 urd,
subsequently amended vide notification number G.S.R.390(E) dated 09.06.2014.
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