Corporate law

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2011 Can Executive Director be paid any sitting fees in case of Private Company?
And also let me know, If member of the Board is not designated as a Director,then sitting fees is payable to him?

udit sharma

udit sharma (Expert)
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15 February 2011 The definition of the term 'Director' as provided under the Companies Act, 1956 includes a person occupying the position of a Director by whatever name called. Hence, in my opinion, even if a person is not designated as a Director of the Company but performs the functions and duties as that of a Director, he can be paid sitting fees for attending the Board Meeting.

God Bless

CS Udit Sharma

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Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2011 Thank you very much Udit.

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