Saurav (Student) (164 Points)
22 December 2008The director of my company is the manager to some other companies in abroad. Can i paid the directors remunaration to the company's name in which our director is working ? just he is the non - executive director. Is there any restriction by companies law or any other statutory
CS P K Pandey
(employed)
(97 Points)
Replied 23 December 2008
On what basis u will pay remuneration to non executive director.
he will get only sitting fees.
Saurav
(Student)
(164 Points)
Replied 23 December 2008
Mr A is the Director of ABC COMPANY.
Mr A is also the manager of XYZ COMPANY.
He is entitle to receive Director's fee for the sitting in the meeting.
Can ABC Company pay Director's fee to XYZ company ? As it is requested by Mr A to Pay the fees to XYZ Compaies.
CS Arpita Rajpurohit
(Company Secretary)
(1111 Points)
Replied 23 December 2008
sir, ABC Ltd. can pay sitting fees to Mr. A and not to XYZ ltd......as Mr. A is a director in his individual capacity and does not represent XYZ ltd. at the board of ABC Ltd.
CAclubindia
