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Govt to consider provisions to pay higher salaries for key roles at loss making firms

Updated : January 16, 2020 09:18 AM IST

If Cabinet approves the MCA proposal then loss-making companies will be allowed to pay higher remuneration to key management roles.
Currently, loss-making companies are restricted from paying higher remuneration and salaries to high-level personnel.
Cabinet is also likely to consider decriminalisation of about 44 offenses under the companies Act.
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