Sitting Fees - Adjourned meeting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2010 Whether sitting fees is to be paid to the directors for attending adjourned meeting in addition to the fees paid earlier?

Ajay Mishra

Ajay Mishra (Expert)
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26 October 2010 Hi

Yes he will also be paid for adjourn meeting.

Section 309(2) provides that a director may receive remuneration by way of fee for each meeting of the Board of Directors or committee thereof attended by him. The emphasis is on “attending” the meeting and not on actual holding of meeting.

Regards

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CA Amit Joshi

CA Amit Joshi (Expert)
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26 October 2010 I am not agree with Ajay Ji.

As per a case law adjourned meeting is continuation of original meeting, So no additional remuneration can be paid for it.

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