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Archive: 31 March 2011

Posts in 31 March 2011

Revised Reporting Limit U/s. 217(2A) of Companies Act

March 31, 2011 40210 Views 0 comment Print

The Ministry of Corporate Affairs has vide notification dated 31st March 2011 enhanced the limits for the purpose of disclosure of particulars of employees in Directors report as requisite under Section 217 (2A) read with Companies (Particulars of Employees) Rules, 1975 from the existing limit of Rs. 24 lakh/ year/ Rs. 2 lakh per month to Rs. 60 lakh per year/ Rs. 5 lakh per month and by such notification also covers Government Companies for such disclosures.

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