law: Companies Act, 2013 
  199.
  
    Recovery
  
  of remuneration in certain cases.
  Without
  
  prejudice to any liability incurred under the provisions of this Act or any
  
  other law for the time being in force, where a company is required to re-state
  
  its financial statements due to fraud or non-compliance with any requirement
  
  under this Act and the rules made there under, the company shall recover from
  
  any past or present managing director or whole-time director or manager or
  
  Chief Executive Officer (by whatever name called) who, during the period for
  
  which the financial statements are required to be re-stated, received the
  
  remuneration (including stock option) in excess of what would have been payable
  
  to him as per restatement of financial statements.