Central Government or company to fix limit with regard to remuneration

Notwithstanding anything contained in this Chapter, [***] 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 company shall have regard to—