Remuneration to Independent Director in case of loss. Amendment effective from 18.03.2021 – MCA Notification

Remuneration to Independent Director in case of loss. Amendment permitting payment in accordance with Schedule V effective from 18.03.2021 – MCA Notification

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 18th March, 2021

S.O.1255(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central Government hereby appoints the 18th March, 2021 as the date on which the provisions of section 32 and section 40 of the said Act shall come into force.[F.No.1/3/2020-CL-I]

K.V.R. MURTY, Jt.Secy

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