(a) whether the Government is monitoring the packages amounting to crore of rupees being given by various multinational and private companies to their officers / Directors;
(b) if so, the details thereof;
(c) whether the Government proposes to regulate these packages; and
(d) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS(SHRI R.P.N. SINGH)
(a) to (d) : The Government regulates the remuneration of managing directors / whole-time
directors / managers (board level positions) in accordance with provisions of Schedule XIII
of the Companies Act, 1956. Listed Companies and subsidiaries of Listed Companies in India
which are loss making / have inadequate profits require Government approval for paying
remuneration in excess of ceiling stipulated therein.