23 August 2013
If paid as salary TDS to be deducted u/s 192. Other than salary (like Sitting Fees) TDS to be deducted u/s 194J(1)(ba) @10%. No threshold limit for section 194J(1)(ba).
23 August 2013
From the company law point of view usually any Director on the board is elected as Chairman of the meeting.
Further Chairman of the Board meeting is considered as automatic chairman of all general meetings. To conclude in most of the cases Director on the board happens to be the Chairman.