Vinayak C. Sontakki (CS- Assistant) (38 Points)
23 February 2012APPOINTMENT OF INDEPENDANT DIRECTOR OF A LISTED COMPANY AS A CONSULTANT.
WHAT ARE THE APPLICABLE PROVISIONS APPLICABLE IF THE CONSULTANCY FEES IS RS.50,000/-. WHAT WILL BE THE MODALITIES OF THE SAME AND THE PROVISIONS OF THE COMPANIES ACT,1956.
AWAITING REPLY.
REGARDS,
VINAYAK C. SONTAKKI
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 23 February 2012
Hi
If you are paying any money in addition to director remuneration will cover under section 314 of the companies Act. 1956. There is no restriction on payment of professional fee to Independend Directors.
Regards
CAclubindia
