The application for increase in the remuneration should not be submitted in a mechanical way

(i) Reasons for loss/inadequacy of profit.

(ii) Steps taken to improve the performance of the company.

(iii) Financial health/ performance of the company as may be reflected by effective

capital, net worth, turnover, profit/loss, dividend declared, etc.

(iv) Nature of industry-high technology area, core sector, infrastructure field, etc.

(v) Export performance and net foreign exchange earned.

(vi) Performance of the company in socio-economic activities.

(vii) General performance of industry in the relevant sector.

(viii) Foreign investment and foreign collaborations.

(ix) Expansion/ diversification/ modernization/ technology up gradation.

(x) Qualification, experience, period of association and contribution of the proposed appointee.

(xi) Requirement of personal skill and challenges ahead.

(xii) Past remuneration of the proposed appointee.

(xiii) Creativity / innovativeness of the proposed appointee/ company.

(xiv) Recognition/Award obtained by the proposed appointee/company.

(xv) The amount of remuneration proposed to be paid including salary, allow an cues, perquisites and whether it will have any effect on the overall financial health of the company.

(xvi) Any other factors relevant to the proposal, which the company may like to bring to the notice of the government justifying their proposal.