Public Company - Directors without Salary / Remuneration

This query is : Resolved

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18 August 2009 Query : Public Company - Directors without Salary / Remuneration -

ABC Limited has three directors on its role.

Since the inception, no director is paid any sitting fees / salary / remuneration till date.

All the three directors are relatives only. Two are Promoters - Non-Executive Directors and One is Independent – Non-Executive Director.

Whether the company is in compliance with the provisions in respect of remuneration to directors.

Please clarify on the matter.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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18 August 2009

Ankur Garg

Ankur Garg (Expert)
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18 August 2009 Yes.

The company is in compliance with the provisions in respect of remuneration to directors as payment of remuneration/sitting fee is not mandatory at all.

Mr. Kartikay it seems that you are really dependent on this site. Please do not mind Sir.

Best Regards

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