The government has done away with the requirement for public companies to seek approval for salaries beyond a threshold to their managerial personnel. However, it has stipulated that public companies that have defaulted in payment of dues to a bank, other secured creditors or non-convertible debenture holders, will need the nod. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OjlrtY
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