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payment of professional fees to directors in private limited

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 March 2011 what are the formalities regarding payment of professional fees to directors in private limited companies
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CS Jignesh Mistry

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CS Jignesh Mistry (Expert)
21 March 2011 in a pvt ltd co. it is just like engaging professionals...u can have engagment letter signed between parties. ensure that it is placed before the Board for their approval.
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
22 March 2011 Ensure compliance of Section 299 and 301 of the Companies Act, 1956.
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