Minimum Remuneration. In the event of loss or inadequacy of profits in any financial year during the tenure of the appointment, the Managing Director shall be paid remuneration by way of salary and perquisites as set out above, as minimum remuneration, subject to restrictions, if any, set out in Schedule V to the Companies Act, 2013, from time to time.
Appears in 3 contracts
Samples: www.bajajhousingfinance.in, Agreement With Managing Director, www.bajajhousingfinance.in
Minimum Remuneration. In the event of loss or inadequacy of profits in any financial year during the tenure of the appointment, the Managing Director shall shall, subject to the approval of the central government, if required, be paid remuneration by way of salary and perquisites as set out above, as minimum remuneration, subject to restrictions, if any, set out in Schedule V to the Companies Act, 2013, from time to time.
Appears in 2 contracts
Samples: Agreement With Managing Director, Agreement With Managing Director
