MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 18th March, 2021
S.O. 1256(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 467 of
the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following
amendments to Schedule V of the said Act, namely:—
2. In Schedule V of the Companies Act, 2013, in PART II, under the heading ―REMUNERATION‖.-
(a) in Section I, in the first para, after the words ―managerial person or persons‖, the words ―or other
director or directors‖ shall be inserted;
(b) in Section II,–
(i) after the words ―managerial person‖, wherever occurred, the words ―or other director‖ shall
be inserted;
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