Reporting on top 10 employees compensation by Private Company
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Can you please let me know if a Private Limited Company has to give details of its Top 10 employees compensation in its Annual Report? A reading of the rule 5(2) indicates that a Private Limited Company may be covered
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Reporting- Directors Report/Annual Report
3 years
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Please briefly explain why you feel this answer should be reported .
My reading of section 197(12) which makes reference to the rule 5(2) you have mentioned is that it applies only to listed companies as the sub-section refers to only listed companies even though the rule is not very clear it still does not apply to non listed companies as the act over rides the rules.