Director's sitting fees

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CA. Sameer Kashikar (Querist)
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01 December 2013 As per new companies Act 2013, whether sitting fees can be paid to Managing director and whole time director?

Ajay Mishra (Expert)
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01 December 2013 No, Sitting fee provision is not applicable for MD and WTD.

The Rules is not implemented till date so wait for Rules thereon.

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