Companies Act, 2013
200.
Central
Government or company to fix limit with regard to remuneration.
Notwithstanding
anything contained in this Chapter, the Central Government or a company may,
while according its approval under section 196, to any appointment or to any remuneration
under section 197 in respect of cases where the company has inadequate or no
profits, fix the remuneration within the limits specified in this Act, at such
amount or percentage of profits of the company, as it may deem fit and while
fixing the remuneration, the Central Government or the company shall have
regard to—
a. the financial
position of the company;
b. the remuneration or
commission drawn by the individual concerned in any other capacity;
c. the remuneration or
commission drawn by him from any other company;
d. professional
qualifications and experience of the individual concerned;
e. such other matters as
may be prescribed.