Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 -- a period during which he has opted to draw nil salary. Ambani, 66, will cross the company law-mandated 70 years age for the chief executive of the company and requires a special resolution by the shareholders for him to be appointed beyond that age bar.

from Times of India https://timesofindia.indiatimes.com/business/india-business/reliance-seeks-shareholder-nod-to-appoint-ambani-as-head-for-another-5-years-at-nil-salary/articleshow/102474582.cms