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Setting fee to director

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 August 2014 Can any company pay setting fee upto Rs 1 lakh to its director
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
22 August 2014 Yes. As per section 197(5) of the Companies Act 2013. Check AOA of the Company. it should contain the provisions relating to sitting fees

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